Ann: Consolidation/Split - OEL, page-3

I've seen a lot of consolidations in the past, once upon a time I used to believe they had no impact on the share price however that is absolutely not the case after the first few days. This is a clear negative and a stuff up by a board that lacks real capital market experience (as evident by that diabolical raise).

Cons
1- It gives it further to fall! THIS IS REASON #1, ignore at your peril, I have made this mistake before.
2 - Punters love loading up on cheap penny stocks, it releases endorphins, makes them feel happy! At $0.50 they just don't buy as many, it is phycological but a fact. This caps upside and makes it a lot harder to ever triple in a week on good news.
3 - Distorts chart historicals.

Pros
1 - some funds have mandates not to invest in penny stocks, have to be $1+. BTW these funds are dinosaurs and should be avoided! at $0.50 this box still isn't ticked.
2 - Will allow it to fall further where I may buy back in.

btw - good to see MA hasn't sold down, still holding 21m in the annual report despite not being a Director.