1 for 10 consolidation? making the share price 4c. I reckon it needs a 1 for 100 consolidation: share price around 40c, 30 million shares (I think). The current share price makes it ridiculous to trade. A .1c decrease takes 25pc off the price, 300m plus on the buy line at .003c. Ludicrous. At 40c the buy line should be far more spread out and it can trade more normally.
As to the company itself: do a search through hotcopper for LIO. There is some excellent research done by some such as ian whitchurch. Its a pretty simple company with just one income producing asset, and now that dodgy Joe is out of the picture I believe they can look forward to a bit of stability, move forward and hopefully upward.
cheers toscanunan
LIO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
