From my experience share consolidation is a kiss of death. It almost always ends in wealth destruction for existing holders and a boon to new investors. Should be resisted with every breath left.
Apart from the tool of allowing a lot more distance to fall, there are good psychological reasons why you want a low SP and high volume.
1. Liquidity
2. A feeling you have a big stake
3. We the SP runs, it still feels "cheap". Even at 20 cents it still feels like a lot of room to go.
I am 100% against consolidation. Look at BHP and FMG register, lots of shares. No problem.
From my experience share consolidation is a kiss of death. It...
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Last
0.3¢ |
Change
0.001(50.0%) |
Mkt cap ! $9.525M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $683 | 341.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 53568696 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 87756881 | 46 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| PRX (ASX) Chart |