CCC 0.00% 0.1¢ continental coal limited

Not knowing how a consolidation works, doesn't the value remain...

  1. 157 Posts.
    Not knowing how a consolidation works, doesn't the value remain the same and only the number of shares on offer reduced.

    So 100 000 shares @ current shareprice 2.9cps = $2900. Post consoldiation 10 000 shares @ post consoldation shareprice 29cps = $2900.

    My asumption is the market cap of the company remains the same so 10 000 shares has the same value as 100 000 post consoldiation.
 
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