It allows the company to keep doing the cap raises and gives the share price a chance to grow. Most companies between 0.001 and 0.004 have a problem in that there share registry is that bloated the consolidation is the only way to give a share price the chance to grow. FBR at 1 cent may be the equivalent of 0.001 to 0.004 considering how many cap raises this company has given in to.
Consolidate Share Register, page-7
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Last
3.8¢ |
Change
0.001(2.70%) |
Mkt cap ! $183.3M | |||
| Open | High | Low | Value | Volume |
| 3.8¢ | 3.8¢ | 3.7¢ | $101.2K | 2.689M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 56 | 9149793 | 3.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.8¢ | 144620 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| FBR (ASX) Chart |