Consolidation won't change the fact that the M Cap is less than $1m, and will undoubtedly fall further after the consolidation event.
Given the unmitigated disaster MEM has become, the directors will continue to struggle to raise meaningful money from the market. So, with the compliance cost of listing and the pain of public exposure, they must be close to calling a suspension and privatisation by the small number of majority holders.
Maybe then they can raise money on the qt, get the device through to some commercial revenues and later look to return to a public listing without the baggage the company is currently struggling under.
Suspend it, Delist it, whatever. Put this dog out of its misery.
MEM Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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