RE: consolidation of the shares27 Mar 2023 13:01
I can appreciate people's concerns about consolidation, but when you read articles etc, about TRX after the dilution, the main criticism is the number of shares in circulation, and that combined with a SP of a fraction of a penny will put people off.
If they consolidate with a SP of 60p, then I don't see this being a ten bagger as others have said many moons ago, but who knows? I was invested in ITM in 3 years ago and got out at a good price, but it's absolutely plummeted since then, despite hydrogen getting a lot of press (I don't read up on what's happening at ITM anymore though).
I don't know if a 100:1 consolidation will work out better than 10:1, we'll just have to see. I do think there are a lot of people who would be interested in investing in TRX, but not with the number of shares etc at the moment.
And don't forget that there will be investors who don't yet have TRX on their radar, but will think a SP of 60p will be an absolute bargain when they do.
GLALTH