LoL someone did not like that info out there:
No advice here, just straight facts:
Lets add MGT to the long list of consolidations that led to yearly lows again, yet to see an example of a consolidation not leading to lower prices directly after, if anyone has an example please let me know.
We were trading 1.7 cents pre condolidation, meaning after a 50 to 1 , we should be trading 85c (50 * 1.7)
Instead we are trading 62.5c, this is a 26% drop, just due to consolidation, equal to 1.2 cents in preconsolidation prices.
Great decision making from this management, an unnecessary consolidation thats wiped off over 26% of shareholder value.
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