Post by
smittypro1 on Sep 26, 2006 3:03pm
lambs
Maybe I'm missing something but the market cap will not change with the consolidation, only the share value effects because there's substantially less shares. Not to mention it was clearly manipulated down to bring this investor in that's as low a close as there's been in the last few months....generaly .035 to .04.
So this guy kicks up 2.8 large for all this equity and people are running to sell at 2 cents a share?
I'll never understand.
Comment by
spinner7 on Sep 26, 2006 3:09pm
Long story short
NFC was trading at .025 .03 for the longest time RS 1 - 100 current price 1.13 or .0113 pre RS
in Most case this is what happens
Comment by
grayandgray on Sep 26, 2006 3:11pm
in theory the market cap shouldn't change, just the share price and number o/s, but in practise it's often a bad thing with some kind of inertia dragging the consolidated price back down. Too scary for me when you're talking a few cents against the $2.50 price, I'd bet it erodes under a dollar pretty quick, unless there's some high profit news from CAB.