We had a share consolidation in Sept 2014. It was an 8:1 consolidation.
My holding went from a cost base of $0.09 to $0.72 / share (obviously).About 9 months later we were asked to take part in a rights issue at $0.25 / share.
But it didn't stop there.10 years and a number of dilutions later, here we are at 8 cents.
Apart from a fleeting, false sense that your share value has improved, I can't think of any reason for it.
The other way I see it is that at 2 billion shares the temptation to further dilute might be less than if we were at 200 million. Just a psychological barrier maybe?
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6.8¢ |
Change
-0.002(2.17%) |
Mkt cap ! $141.4M |
Open | High | Low | Value | Volume |
6.9¢ | 6.9¢ | 6.7¢ | $137.2K | 2.018M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 201280 | 6.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.8¢ | 3671 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 181280 | 0.067 |
2 | 547373 | 0.066 |
8 | 1205806 | 0.065 |
3 | 390625 | 0.064 |
1 | 300000 | 0.063 |
Price($) | Vol. | No. |
---|---|---|
0.068 | 3671 | 1 |
0.069 | 178438 | 2 |
0.070 | 825914 | 9 |
0.071 | 431000 | 3 |
0.072 | 220000 | 2 |
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