LPD 20.0% 0.3¢ lepidico ltd

They just do a 10 for 1 consolidation that moves everything up a...

  1. 278 Posts.
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    They just do a 10 for 1 consolidation that moves everything up a decimal place . As old mate said it only the market cap that matters whether there’s a million shares at $1 or a billion at $0.10 its the same price . A pizza is 30 centimetres in diameter you can cut it 20 time or 100 you still have the same pizza . So basically if a stock trades at $30 but less shares on the market it’s the same as a stock trading at 3 cents but a shitload more shares on the market which is why people talk about share dilution ect . When the raise money to fund new ventures or keep them going they are diluting the value of each share because they are listed new shares onto the market so the pizza is getting shared amongst more people essentially. People think oh I’ll buy a $.1 cent share stock because I have no money to buy a $30 dollar stock but that is all totally irrelevant. If a stock goes up 10 percent and you have $5000 in it you make $500 and it doesn’t matter if you own 1 million shares at .001 or 100 shares at $10 10 percent is 10 percent
 
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Last
0.3¢
Change
0.001(20.0%)
Mkt cap ! $25.76M
Open High Low Value Volume
0.3¢ 0.3¢ 0.3¢ $1.606K 569.1K

Buyers (Bids)

No. Vol. Price($)
180 206882564 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 122521290 56
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Last trade - 16.10pm 04/07/2024 (20 minute delay) ?
LPD (ASX) Chart
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