Post by
Chipshot2 on Jan 05, 2021 8:27pm
One Puzzle Piece in Place
News just released regarding the share rollback.
1 new for 3 old as approved at the AGM
https://www.stockwatch.com/News/Item?bid=Z-C:KCC-3013285&symbol=KCC®ion=C
Comment by
martin95833 on Jan 06, 2021 3:49am
Reverse split? Not good IMHO. Hopefully I'm wrong.
Comment by
BueBoy on Jan 06, 2021 5:52am
That's what it is, 1 for 3. They can't list on the ASX at less than A20c so won't risk delaying in case the share price does not rise to that level pre listing. Fortunately though the CAD$ and AUS$ are close to parity at present. The upside is there will definitely be more interest in the stock on the ASX.
Comment by
Chipshot2 on Jan 06, 2021 7:50am
The reverse split has been a known factor for some time now and from my standpoint has been baked into the share price for some time now.