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Community


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Online Share Trading

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FRACTIONAL PRICING

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mullet_fish
Regular Contributor
OK - THIS IS A LONG SHOT. THIS SHARE TRADES AT BETWEEN 1C AND 2C WHICH THEM GIVES A MARKET CAP OF R67M OR R134M (HUGE DIFFERENCE). WHY CAN'T FRACTIONAL PRICING BE ALLOWED ...SAY 1.2C...ETC - WOULD IMPROVE TURNOVER IN TRADING
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3 REPLIES 3
THRESHOLD
Super Contributor
Buy 4 at 1c to every 1 at 2 c. HEH!
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Not applicable
well, they could always consolidate. But if you were the dumb**s investor that pumped R30m of your church constituents' hard earned pennies into this company, I don't think you would be too keen on that idea. If nobody is prepared to buy at 2c, why would anyone be prepared to buy at 20c after consolidation. The price would gravitate all the way back to 2c again, only the market cap would be 10 times smaller - leaving that silly reverend having to explain to his irate church goers not to worry - the powers that be will provide
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mullet_fish
Regular Contributor
Thanks - Interesting ! Some of the old Futurelife (50% owned by Pioneer) team now involved - hopefully they can get it up and going.
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