Nobody said consolidation was the reason for the SP to tank. You are correct it due to company performance. We where just answering your question on how does the SP go from 1.3c five years ago to 3.6c recently and I still managed a 95% loss... Consolidation is your answer!
The chart I provided shows the equivalent share price 5 years ago post consolidation. Wherever you sourced your 1.3c figure from did not take consolidation into account.
My original buy in was 2.7c but post consolidation is 67.8c. Current SP needs to improve 1300% to break even.
So a 44% rise in SP is not going to have me waving pom poms! But best of luck to the new guys who are in profit.
Ann: Trading Halt, page-31
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