Exactly shares on issue mean nothing.
If I had sufficient funds to buy 1% of Imugene I would own 1% whether I get one share or 40 million shares.
According to the ASX 20 minute delay the current market cap is $411.5 million. If the market cap increases to 1 billion dollars I will still hold 1% of Imugene whether that 1% entitled me to one share or 40 million shares when I bought in. My pay out in a takeover would be 1% of 1 billion dollars or 100 billion dollars no more no less.
Shares on issue is a complete furphy the only downside is it costs a company more to maintain a large share register with thousands of shareholders than it does one with a hundred shareholders.
In a takeover the act of taking over the company removes all the shareholders so it means nothing as you said whether the company has many or just a handful of shareholders.
Add to this that the person some love to hate has consistently said that the Board has discussed the question and sees no reason to consider a consolidation recognising that it has its downside this will remain a non issue not even really worth discussion until the Board decides otherwise.
The sensible time to discuss this would be when the share price is flying and a transfer to the Nasdaq is on foot.
My opinion only DYOR
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Last
4.8¢ |
Change
-0.002(4.00%) |
Mkt cap ! $356.9M |
Open | High | Low | Value | Volume |
5.0¢ | 5.0¢ | 4.7¢ | $2.298M | 47.86M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 1925982 | 4.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.9¢ | 3452098 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 1925982 | 0.048 |
33 | 4297134 | 0.047 |
47 | 3841303 | 0.046 |
53 | 6064000 | 0.045 |
11 | 2329545 | 0.044 |
Price($) | Vol. | No. |
---|---|---|
0.049 | 2620667 | 8 |
0.050 | 2639213 | 14 |
0.051 | 6431004 | 11 |
0.052 | 2071350 | 7 |
0.053 | 418882 | 5 |
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