So if you had 100 shares at 1c post consolidation your 5 shares should be 20c each to retain the value you had before.......what was the value of a share on consolidation day? Then add in the dilution of issue of shares for the 1.45m raised and your share as a % of enterprise value is knocked down again by a much greater value than the % issued because you have already taken the 20:1 hit! Not sure how you view things but that is how the numbers stack up for me.
Now the company can issue away to raise funds at will till the book is to unwieldy and repeat....
But I do like the story here so will consider an entry post con.
CR
So if you had 100 shares at 1c post consolidation your 5 shares...
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$1.21 |
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0.050(4.33%) |
Mkt cap ! $1.167B | |||
| Open | High | Low | Value | Volume |
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