RE: Consolidation28 Apr 2025 09:50
Gold5 I think you need to look at each of those company in isolation, they are not related in anyway. GGP is not consolidating shares because they need to keep issuing more to raise monies, which is typically what happens with the micro-caps.
GGP is consolidating to clean up their share regiter count to a respectable share count, plus, the share price will be in the pounds £ / dollars (AUD $) which looks much better against ASX peers. A penny stock has a penny stock smell attached.