no, a "deconsolidation" is not a term I have heard.
I think the correct terminology is a "share split".
that is the opposite of a consolidation.
it is exactly the same, only in reverse.
plenty of coys have done it.
I can think of say CSL (Commonwealth Serum LAbs) split it shares because the SP was too high.
they wanted to increase liquidity.
I raised this prospect a while ago in an earlier post.
CSL would have done it because:
- SP was too high for the average investor
- liquidity of shares too low
- coy was trading very profitably
- high probability that after split, the SP would increase ie split portions would trade higher that whole.
which aspects above are applicable to EGO?
well, only the liquidity issue imho.
cheers
EGO Price at posting:
40.0¢ Sentiment: None Disclosure: Held
