I believe Monday 16 November 2009 is the last day of ASX trading on a pre Share Consolidation basis. Then on Tuesday 1 December 2009 (or day following despatch) normal trading resumes. Are punters happy to leave their capital that is sitting in CAA for those 2 weeks?
Also, assuming that by the end of the week November 13th, the SP say closes at 0.044, does that mean when trading resumes on December 1 it would be at 0.44?
Also say you have 100,000 shares of CAA at 0.044, will it then mean you have 10,000 CAA shares at 0.40?
Given that consolidation has completed and your 10,000 shares at 0.40. Isn't there a risk, that the perception of 0.40 is a big price, and the risk is it could fall to 0.30, 0.20 etc etc. Similar to what happened to GDA post consolidation?
Just my thoughts, interested to hear yours.
Cheers
eMark
CAA Price at posting:
44.0¢ Sentiment: None Disclosure: Held
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