Many people see a stock at 1.1c and think penny dreadful or a stock that's hard to trade.....
So i think a 10 or 20:1 consolidation is needed.
Imagine a stock at 11c with 390 million shares or 22c with 195 million shares?
Sounds much better then the current prospects, Obviously it doesnt change the company or MC at all but people may take it seriously to trade or invest with less shares on issue and a higher SP.
I know many that have been turned off by the number of shares on issue and penny SP.
Anyways just my thoughts
LWP Price at posting:
1.1¢ Sentiment: None Disclosure: Held
