So heres an example: Shareholder bought at say 20 cents, 1000 shares, equaling $200. (Myself I bought a batch higher but wont go into that) Now consolidation make those 1000 shares into 100 shares thus losing shareholder $180. 1000 shares @0.20 = $200 100 shares @0.20 = $ 20 Loss = $180
Now say they did the consolidation at 0.06 cents, if as stated the shares will be worth 10 times the value they currently are so I used 6 cents to round it off, then if I read correct the 100 shares would be worth $60 so the shareholder now has a parcel of 100 but a total loss of $100
RES Price at posting:
55.0¢ Sentiment: Hold Disclosure: Held