This may help! Info from a UK site https://wiki.timetotrade.eu/Share_Splits_&_Consolidations
but the same for the ASX.
Alternatively a share consolidation or reverse share split can be used to increase the value of the share. Share consolidations are used as a means of making a share more attractive to institutional investors who consider penny shares too volatile.
and;
- There would be no financial impact on the company, other than administration fees, because there are no cash flow changes involved in executing a share split.
Quarterly Activities Report, page-135
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