consolidation, page-7

I have been through 2 consolidations and lost money on both.
Sorry to be the bearer of bad news.

The most recent being DIO. They had a 1:14
I had 140 000 shares. this was reduced to 10 000.

On a dollar value my cost for 1 of 10000 was $1.68.
My original investment divided by 10 000.

After consolidation the shares reopened at $2.25 reaching a high of $2.58 for a short time from there it was all downhill to $0.25 until recently a takeover offer has pushed them up to $1.18. Still a large loss for me.

I should have sold out straight away at a profit but greed took over and I held on.

As far as I am aware they just divide your holding by 5 ina 1:5. The price does not mean if you paid .04cents your shares will be worth 20 cents. They are worth whatever they come back on the market for after the consolidation and that is just a guess.

If its higher than 20cents great if lower, bugger. As I said in both I have been involved in my $value was crueled.

I bought my NSL at $0.037 so my price for the new shares needs to be $0.185 or better .037x5.

If its over that Im out until the price settles.

If you paid say $0.03 you need the price after consolidation to be $0.15 or better .03x5.

I hope this has been a help to you.

Cheers
Gmac