I think it will encourage trading as presently if I am tempted to buy I need to pay 0.7cents. So if I buy today and change my mind and sell again I can only receive 0.6cents a loss of 14%. This immediate 14% loss is a barrier to entering the stock at 0.7cents. On the 1 for 50 consolidation, with all things being equal, shares should trade at 34-35cents. If the bid and offer are say 1cent apart, the barrier to taking the offer is only an immediate loss of 2.8%. This encourages trading as the risk of suffering an immediate 14% loss is reduced substantially not to mention if the price moves against you and you find the buyers at 0.5cents, you've made a 28% loss. In the consolidated share case a 2cent move either way is a 5.6% change. Far more comfortable for investors. In any case the Chinese hold the lions share, it is a done deal, so you better plan for it.
Eshmun
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- Cosoldation Rate of Shares should be 1 for 10 shares.
I think it will encourage trading as presently if I am tempted...
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Last
18.0¢ |
Change
-0.005(2.70%) |
Mkt cap ! $51.58M |
Open | High | Low | Value | Volume |
18.5¢ | 18.5¢ | 18.0¢ | $8.256K | 45.41K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5408 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.0¢ | 85181 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5408 | 0.180 |
1 | 47700 | 0.175 |
5 | 303066 | 0.170 |
3 | 220000 | 0.165 |
2 | 17088 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.190 | 85181 | 3 |
0.195 | 61282 | 2 |
0.200 | 339208 | 5 |
0.210 | 6315 | 1 |
0.230 | 48239 | 3 |
Last trade - 14.07pm 29/03/2024 (20 minute delay) ? |
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Last
18.5¢ |
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Change
-0.005 ( 0.00 %) |
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Open | High | Low | Volume | ||
18.5¢ | 18.5¢ | 18.5¢ | 5135 | ||
Last updated 11.59am 29/03/2024 ? |
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FML (ASX) Chart |