LRC 0.00% $3.54 laguna resources nl

Not a stupid question, it it currently going through a 125-1...

  1. 12,359 Posts.
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    Not a stupid question, it it currently going through a 125-1 consolidation .

    Meaning If you owned 1,250,000 shares in the company a month ago and over that month hadn't sold them. Today you would only have 10,000. (Every 125 shares turned into 1)

    They do this mostly to encourage a more trade able stock, because it reduced the amount of shares within the company. Looking at a few of the announcements there was excess of 1.237billion shares, it has now been reduced to 9.9million.

    Mark
 
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Currently unlisted public company.

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