Consolidations can be okay. For example, Memphasis (MEM) was trading between 0.002 and 0.001. If you bought at 0.002 and it went down one pip, it lost 50%, and if you bought at 0.001 and it went up by one pip, it gained 100%. Obviously not a good state of affairs. They had a 15-1 consolidation last year and the price has been much more stable and tradeable since. I'm just wondering why they have gone for a 25-1 ratio as that seems like overkill and creates the worry that they've done that in order to absorb future dilution.
Ann: Notice of General Meeting/Proxy Form, page-116
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$3.19 |
Change
-0.100(3.04%) |
Mkt cap ! $353.2M | |||
| Open | High | Low | Value | Volume |
| $3.31 | $3.45 | $3.18 | $4.002M | 1.207M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 19867 | $3.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.20 | 4150 | 1 |
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