CNN 6.25% 15.0¢ cardia bioplastics limited

Ann: Sealed Air uses Cardia Compostable films for PakNatural Bags, page-34

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 31,884 Posts.
    lightbulb Created with Sketch. 210
    Sorry pear you're talking crap. Marketcap is the key, it is the same whether it is consolidated or not. If results are bad, investors will sell down the stock whether it's $1, 10c or 1c. Your example proved nothing. That company would have been severely beaten with or without consolidation. My point is and always has been that at these price points, each .1c rise is a high percentage differential. So mahy potential investors aren't going to take the risk. Certainly you will not get retail or institutional support. There is plenty of proof to support this. You just have to look at the setup right now. $250K bids at .2c, $250K sells at .4c. Where is the trading going to occur? In that ridiculously tight range of course. I firmly believe the marketcap should be north of the current $10mill or so. I firmly believe that a consolidated register would allow that to happen. I think there is a chance a consolidation may be on the cards. Selling unmarketable parcels is often a precursor to this. I hope there is because it will then encourage me to buy more shares. By the sounds of it I might be buying the shares of a few holders here on HC.
 
watchlist Created with Sketch. Add CNN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.