PA I made a mistake "Reason" should have been "Way".
It came to me because I just got my letter of return of capital, from Auckland Airport.
It will not be the best for MCR but shareholders would get an extra cash payout.
I agree that a 10 for 1 consolidation is much better for MCR.
There will be no change to shareholders or the company financially except our share will be worth $2.65 ea., instead of 26.5 cents.
MCR will not be a penny stock any more and have all the advantages you have already mentioned.
sp could improve with a consolidation, page-19
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Last
26.0¢ |
Change
0.005(1.96%) |
Mkt cap ! $300.9M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.5¢ | 25.5¢ | $224.3K | 860.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 121209 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 286541 | 9 |
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| GRR (ASX) Chart |