Share consolidations are normally undertaken so that a company is more attractive to investors. They think that penny or sub-penny share prices attract speculators and not more serious investors. However, most share prices take an initial dip and many drift lower over the medium term.
One positive is that the bid/offer spread can be narrowed. Penny shares can have enormous spreads.
Remote tracking technology developer Starcom is changing its name to t42 IoT Tracking Solutions (LON: TRAC) ...
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