Zarra
To make it simpler
If Mantle had 12mill shares on issue, and a market cap of $12mill, each share is valued at $1
If Mantle then did a 1 for 12 consolidation
The market cap would remain at $12mill
However we would only have 1mill shares
Therefore valuing each share at $12 (or 12 times the original price)
If you originally held 12 shares each valued at $1 - after the consolidation you would own 1 share valued at $12
The main reason Co's go through a share consolidation IMO is to move out of penny stock territory and attract a new type of investor.
That's my take on it so all IMO so dyor
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