Like it or not, AUZ will have a share consolidation in the future. The share consolidation will be in the order of 10:1 or 15:1.
It becomes difficult to raise capital for a company thats considered a "penny dreadful".
The more capital raised at the current share price will just mean a higher conversion consolidation rate in the future.
Consolidation is the worst thing that can happen to long term holders as the ensuing dilution via consolidation at 20:1 or 50:1 makes their portfolio/ holding almost worthless.
There are many examples on the ASX.
Share Consolidation, page-3
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Last
1.1¢ |
Change
0.001(10.0%) |
Mkt cap ! $15.38M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.0¢ | $38.35K | 3.786M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1964034 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 8934562 | 26 |
View Market Depth
| Last trade - 10.07am 11/07/2024 (20 minute delay) ? |
| AUZ (ASX) Chart |