"but that is the market isnt it. Havent you contradicted yourself" Absolutely NOT!
At 0.4c buyers are NOT looking at overall market cap and say "this is most expensive stock", but hoping to get lucky selling at 0.5c (25% return on 0.4c). IMHO
If PDY has share consolidation of 10:1 (ie 0.4c becomes 4c with 10X less shares on issue, so EQUAL market cap), than price will collapse because this put punters out of business (ie hoping to get lucky with 25% return). At 4c (10:1 consolidated), next increment is 4.1c and 0.1c profit out of 4c punters will walk away from buying. Punters will walk away from 4c (10:1 consolidation) buying, but NOT 0.4c (before 10:1 consolidation). BOTH 4c (after consolidation) and 0.4c (before consolidation) the company has EXACTLY the same market cap.
So, at 0.4c buyers are NOT looking at overall market cap but hoping to get lucky.
PDY Price at posting:
0.4¢ Sentiment: Sell Disclosure: Not Held
