Why would (as you suggest) LPD increase their shares on issue (SOI) by a factor of 10 from 4,403,668,407 to 44,036,684,070 for no rational reason. That is what you are suggesting by using the term ' split their SOI 10:1 '; and you don't advance a reason for why they would take such an action. They wouldn't even make a rights issue on a10:1 to raise capital; a 1:10 may be probable but that is some time down the track yet (later in the year possibly).
If what you mean is a share consolidation of every 10 shares held to be replaced by one share, then I can understand the concept you're trying to make. However, management and the board have stated, that there is as yet no intention to contemplate such an action, at least until Phase 1 Plant is up and running.
Why would (as you suggest) LPD increase their shares on issue...
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0.3¢ |
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Mkt cap ! $25.76M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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