Ann: Central Consolidates Shares , page-48

I have been a supporter of RC from day one with everything he has done, but now is not the time for a consolidation. As others have stated, the impending news flow over the next 6 months would've worked its way into the SP, and there is no need for this. This is the first mistake by RC in my eyes.

I have never been in a consolidation where it has been good. I have even taken losses on companies that did so, and if I didn't, I wouldve been down hell of a lot more. I know have to weigh up my options over the next 6 weeks and think about this. The market thinks this stinks be it algos or the like.

Algos will trade shares be it under 10c or over $1 as they will always work the spread, that is their job.

For those that say 2.1 billion shares (fully diluted) is a lot have a look at the top 10 stocks (not fully diluted) for simple comparison:

BHP = ~3.5 billion
RIO = ~500 thousand
WBC = ~3.1 billion
NAB = ~2.4 billion
CBA = ~1.6 billion
ANZ = ~2.8 billion
WOW = ~1.3 billion
WES = ~1 billion
TLS = ~12.5 billion
CSL = ~490 thousand

The amount of shares on issue now is not a major problem ... I think getting the SP higher is!