Penguin International

[BlueKelah]

3:1 consolidation today. 

Good move by management to do a funny 3:1 consolidation. 

Share price now around 30 cents with no volume. Looks like all the punters are out or have taken too much losses to sell and no more interest in this stock, even no VBs seem to be covering the consolidation.

it will likely go back to obscurity again..

On the bright side, might be some value in it if it goes back to GFC prices.

So if below MTP (25cent?) then reconsolidate again? Really Funny yeah!?

@ksir Minimum trading price is 20c.

Yeah they would have to reconsolidate again if prices drop below 20c. During GFC lows it hit all the way to 15c (adjusted for 3:1) , back then price of WTI went below $50 just like the price of oil is now, so sub 20c again it's a possibility.