My main holding went through a 25:1 consolidation some years ago, and at the time, my sentiment was exactly as yours. I felt somewhat bitter about it despite understanding the actual value hadn't changed.
As it happens, in retrospect, i think it was exactly the right thing to do, but it depends largely on the potential of the company. Many believe the company in question can be a $100 PS company. This puts MC vs SP at a similar level to similar companies. Pre consolidation, that would be a SP of $2500 - an impossibility, therefore limiting growth - the same psychology in reverse.
In fairness, the situation I've described is quite rare, and it may all go tits up, but I can see the logic.
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Last
5.1¢ |
Change
0.003(6.25%) |
Mkt cap ! $379.2M |
Open | High | Low | Value | Volume |
4.9¢ | 5.5¢ | 4.8¢ | $4.098M | 80.11M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 1984777 | 5.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.2¢ | 450000 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 1984777 | 0.051 |
26 | 4357226 | 0.050 |
28 | 4638765 | 0.049 |
25 | 3754138 | 0.048 |
28 | 2095851 | 0.047 |
Price($) | Vol. | No. |
---|---|---|
0.052 | 450000 | 3 |
0.053 | 769607 | 7 |
0.054 | 1377917 | 8 |
0.055 | 6018397 | 11 |
0.056 | 1630609 | 15 |
Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
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