RE:Share Consolidation (Heat)Danno13 wrote: WEBJun 5, 2023 · Hillcrest announces that it will complete a consolidation of the authorized and issued common shares effective at the opening of the markets on June 8, 2023.6 to 1 SPLIT
So presumably they were trading at 9 cents before the consolidation. After consolidation they became 54 cents. The day of consolidation they had a high of 72 cents and closed at 66 cents -- a plus of 12 cents. It stayed at the 58 to 61 cent range until July 13/23 when it closed at 53 cents.It then stayed between about 54 and 66 cents until the 8th of September/23.
It then followed the trend of the majority of consolidations -- Sept. 11th close was 47 cents. That was the highest close until the end of the year where it closed at 27 cents.End of March/24 it was 23 cents. End of April/24 it was 25 cents. End of May/24 it was 25.5 cents. And Friday, last week it closed at 24 cents.
Divide that by 6 to allow for the consolidation and you have 4 cents -- down from 9 cents a year ago.
So typical of consolidations if you do not have a good plan to move forward.
Some companies consider a move to the Nasdaq as being "a good plan" but the move itself does not guarantee success. You have to have a good growth business plan.