Who said the newly formed stock (MigMe) will come back on the boards at 20c??
FIH have jumped on board with a post consolidation price of 20c. This is at a discount to the current market price but then they are a massive, massive partner to have onboard.
Consolidation as announced is five to one so there will be only a fifth as many shares out post consolidation in the new company. It follows that the price will move five fold as the reciprocal. Hence your shares are worth the same total but you will only have a fifth of what you had previously and they are worth five times more per share.
At today's price the post consolidation price will be 35c. The price history charts will be wiped and we will have a tad over a quarter million shares on issue.
This all assumes the RTO goes ahead next week.
Check out YY and Tencent for where this thing may go over the coming years.
Post consolidation price, page-6
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Last
13.5¢ |
Change
-0.015(10.0%) |
Mkt cap ! $19.25M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.5¢ | 12.5¢ | $11.39K | 87.03K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 1255 | 1 |
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| Last trade - 15.44pm 11/07/2024 (20 minute delay) ? |
| LAT (ASX) Chart |