QRL 2.13% 24.0¢ quintessential resources limited

If you buy at 1.2c, it's equivalent of 24c post consolidation,...

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  1. 5,012 Posts.
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    If you buy at 1.2c, it's equivalent of 24c post consolidation, right? So that's a 20% premium to the CR, right? People who buy the CR shares will be able to immediately self for a 20% profit, so the price would quickly fall back to 20c. So it's better to wait and buy in the low 20s. Is my understanding correct?
 
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