The 1-for-34 consolidation might seem like an odd choice, but it...

  1. 2,802 Posts.
    lightbulb Created with Sketch. 927

    The 1-for-34 consolidation might seem like an odd choice, but it was likely selected to adjust the share price into a more favorable range without overdoing it.A 1-for-50 split could have pushed the price higher than necessary, potentially reducing liquidity.This specific ratio also aligns with the company's plans to issue up to 1.2 billion new shares pre-consolidation, aiming to minimise dilution, because nothing says 'we care about shareholders' like flooding the market and hoping no one notices.

    As for the number 34, maybe it's someone's lucky number, or perhaps they just wanted to keep us all guessing.

 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
26.5¢
Change
-0.015(5.36%)
Mkt cap ! $76.45M
Open High Low Value Volume
28.0¢ 28.0¢ 26.5¢ $376.3K 1.390M

Buyers (Bids)

No. Vol. Price($)
40 635301 26.5¢
 

Sellers (Offers)

Price($) Vol. No.
27.0¢ 114803 10
View Market Depth
Last trade - 14.34pm 31/07/2025 (20 minute delay) ?
IMU (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.