Zarra To make it simpler If Mantle had 12mill shares on issue,...

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