Share consolidation is for the directors to look good, and it is THE ABSOLUTE WORST that can happen for the loyal holders, specially those who bought at higher price. Please read my posts on GPP and IMM if you would like to know more. More specifically you need to talk 3B shares on the books and sub 1c on SP before you talk consolidations.
It is the classic saying on the stock market: Winners buy back, losers consolidate.
MXC Price at posting:
3.8¢ Sentiment: Hold Disclosure: Held
