Good post Amazed.
On the subject of shares on issue.
Lets say 3B shares @ $0.005 = $15M Market Cap.
Assuming ECT decides to do a 1 in 20 consolidation, then the number of shares/price/market cap after consolidation will be:
150m @ $0.10 = $15M Market Cap.
So which of the 2 is better?
Obviously it makes no difference at all as the market cap remailns the same. Personally, I prefer NO CONSOLIDATION.
dec 23, page-2
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Last
0.3¢ |
Change
-0.001(25.0%) |
Mkt cap ! $9.515M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.3¢ | $297 | 79.57K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 55 | 17643627 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 14484105 | 27 |
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| Last trade - 15.59pm 19/07/2024 (20 minute delay) ? |
| ECT (ASX) Chart |