GDA good drinks australia ltd

I am a holder of FDL and GDA stocks from circa feb this year,...

  1. 17 Posts.
    I am a holder of FDL and GDA stocks from circa feb this year, and am very new to the stocks game.

    I am UK based!!

    I have observed from the side lines fatstock etc putting in some very valid points on gda

    I have a question and I hope its not a ridiculous one.

    I notice that GDA are debt consolidating on a 10-1 reverse split on 3rd june this year-subject to approval.

    I understand what this means ie 10 shares at 2.5c will become 1 share at 25c.

    What does this mean for the overall share price as surely this will leave gda at 25c a share which at the current moment would seem very high for the non inferred resource status.

    Any help appreciated as i have some cash and FDL GDA or Maximus are going to get it...this whole game is like juggling mercury!!

    let me know folks.ta dan

 
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