I've gone from 500'000 to 2000 shares courtesy of the consolidation. My $1000 of shares is now worth $200 so by consolidating BLZ has just stolen 80% of my share value.
How can this be ok?
I know they're an emerging company but they've just run off with 80% of their share-holders money from my perspective.
By consolidating they've increased the share value (which I'm lead to believe was their intent) however if its managed the same as previously they now have the ability to fall from 7.5c back to nothing....so they've just created a way to lose MORE share-holder value through the consolidation.
Lets hope these guys manage this well because right now I'm a pissed off share-holder and I wouldn't mind betting I'm not the lone ranger.
I've gone from 500'000 to 2000 shares courtesy of the...
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.142M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 400000 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 1628565 | 4 |
View Market Depth
| Last trade - 09.49am 04/12/2024 (20 minute delay) ? |
| BLZ (ASX) Chart |
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