RE: Pre consolidation price?18 May 2021 20:36
Batfasted is correct but as far as Iâm aware there was never really an opportunity to sell pre-consolidation?
Largely cut and pasted from one of my previous posts:-
Stage1
1,122,003,328 (1.1 BILLION) shares BEFORE dilution.
Stage2
2,093,921,536 (2.1 BILLION) shares AFTER dilution.
Stage3
139,594,769 (140 MILLION) shares AFTER 15:1 Consolidation.
If we simply divide the new share price by 15 (which most people here do) this will convert it to the mid stage2 completely ignoring the extra billion shares. It needs converting AGAIN (effectively doubling) to get back to the âOLDâ share price Stage1.
The easy answer is to miss out Stage2 and either divide or multiply the share price by 8.04 to get the âOLDâ or âNEWâ share price depending of course which one you start with or are after.
1,122,003,328/139,594,769 = 8.04
So fto99, your dads 18.5p old price is
18.5x8.04 = ÂŁ1.49
Iâm now going to hide behind the sofa! Ha ha