PEN did a recent consolidation, seems similar to what you suggest. i.e. 1,000,000 shares at .025c reduced by 40:1. The resulting value of the shares: 25,000 shares at $1. so the value was the same. Immediately after consolidation the price soared to $1.45 or (0.036c on previous scale), so a good profit for some, it has settled at around $1.35.
The 100 shares should have a 10 xs higher price.
In the case of Metallium, they have issued millions of shares over the past year, without giving normal shares holders of the option to partake in the capital raising, in the initial issue, thus the value of our shares fell. i.e. a 1% ownership of the company was reduced to .05%. further issues. They are now proposing an issue of 40billion shares which dilutes your share value further.
MNE Price at posting:
0.1¢ Sentiment: Hold Disclosure: Held
