$Seatrium (S51.SG)$ tomorrow AGM meeting and voting for cons...
$Seatrium(S51.SG$ tomorrow AGM meeting and voting for consolidation 20 to 1 shares .. if the voting was successful then it will be reverse split .. negative news and market will sell ? @bullrider_21 ?
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Onglaifafa : Bro good news or bad news? @bullrider_21 if share consolidation will affect my principal value?
bullrider_21 Onglaifafa: No effect. Price goes up by 20x.
gentle Iguana_2693 : Transaction volume shall go down much more than 20 times in future. Initially shall attract some funds to invest, you can check that funds (Blackrock, vanguard, etc) with less restriction have already positioned themselves a few weeks back. Biggest risk now is the US proxy wars, and if US can successful ignite one in Asia.
101572862OP : thanks for the response , usually Penny stocks in the US will go with a reverse split to stay above 1$ due to compliance and this impacts the price of penny stock before happening and start increasing after the split gets completed. I am not sure how it works in SG market. hope for the best
bullrider_21 101572862OP: np. In the US, stocks have to rs if they drop below a certain price by law. For Seatrium, they choose to rs themselves.