"At recent trading price a 10:1 consolidation would be under $500"
Yes so EVERYONE in the company would have to suffer a 90% loss.
"There are about 50% more SOI now than before the last consolidation and the price is down 20X on the consolidation price."
Sure it can happen. So that means the large AND small shareholders suffered a 95% loss on their holdings with 3 bn SOI.
No one is in incentivised to wipe out their own equity like this.
This is simply the tough reality of funding small caps with equity, we are not producing an income to pay off debt liabilities.
"At recent trading price a 10:1 consolidation would be under...
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Last
0.2¢ |
Change
-0.001(33.3%) |
Mkt cap ! $12.39M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $11.45K | 5.725M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 35026055 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 76087953 | 79 |
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| Last trade - 11.04am 23/07/2024 (20 minute delay) ? |
| MTL (ASX) Chart |