If you have 2 million shares at current price of $0.002 then your holding will be worth $4,000
if they consolidate shares on a 10 for 1 ratio your holding will reduce to 200,000 shares. Now theoretically with less.shares on issue the share price should roughly multiply by 10 times taking it to $0.02. You would then have 200,000 shares at a price of $0.02 still valuing your holding at $4,000
Unfortunately after the last consolidation whilst the share price jumped up a little, it eventually fell back to the pre consolidation levels. If this happened again you would have 200,00 shares at.$0.002 giving you a value of $400. In this case.the company after a period could sell your shares. You could purchase additional shares to bump the value above the $500 threshold to maintain your holding.
Ideally the company would have a.raft.of announcements following a consolidation to help maintain interest in the companies projects so that the share price after consolidation stayed bouyant and strong and didnt stagnate back to a low level.
that's my understanding anyway.
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Open | High | Low | Value | Volume |
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0 | 0 | 0.000 |
0 | 0 | 0.000 |
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Price($) | Vol. | No. |
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