consolidation?, page-3

With out going into the rights or wrongs of consolidation, in answer to your question re instos, the argument goes that most have a mandate that means they can only invest in shares with a price greater than $1 - go figure.

Then again the opposite is the case when shares do a split, they argue that more shares at cheaper prices mean that mum & dad investors can jump on board. As an example when FMG got to $100 they split ten ways to ten times more at $10 each.