@slick
I had a stock a few years ago that did a 20/1 consolidation with a similar quantity of SOI like IMU. It was quite funny. There was a lag time between announcement and implementation as they held a meeting over it before hand. During that time there was a massive frenzy buy up as the shares had dropped in price substantially before the announcement.
I guess many panicked, having the belief that after the consolidation their share count would look measly in the grand scheme of things. I agree that cages will be rattled, in many ways. Unfortunately for that stock I mentioned the share price did not improve. That was simply because it was a crappy company with very poor management and there isn’t much that can fix that. IMU is very different. I would prefer it to happen after some good news, then I’m all for it.
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@slickI had a stock a few years ago that did a 20/1...
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Last
5.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $394.1M |
Open | High | Low | Value | Volume |
5.4¢ | 5.5¢ | 5.3¢ | $817.0K | 15.17M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
26 | 4719788 | 5.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.4¢ | 453183 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
26 | 4719788 | 0.053 |
33 | 5699555 | 0.052 |
41 | 5272705 | 0.051 |
75 | 5782253 | 0.050 |
13 | 2760364 | 0.049 |
Price($) | Vol. | No. |
---|---|---|
0.054 | 453183 | 5 |
0.055 | 2280320 | 12 |
0.056 | 1338592 | 11 |
0.057 | 1025942 | 7 |
0.058 | 797977 | 5 |
Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
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