The optiontrader is definitely revealing much ignorance in his/her post. Pity he doesn't find a friend to explain why. A 10 minute explanation ought to plug that ignorance. But what you write, is definitely spot on. 100 shares at $12 = $1,200 which is exactly the same as 240 shares at $5 = $1,200. Same price to shareholder and multiple the same. How many shares one gets is an irrelevancy.
Good news from AFR (Finally): Retailers face Afterpay hangover, says UBS, page-8
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