Share consolidation imo will result in a heavy capital loss for the shareholders. If anyone in doubt can have a look at the share consolidation result of Tamaska Oil (TMK.asx). Technically speaking, post consolidation the shares of TMK should have traded at 10 c & above. Look at the share price now. It is only 0.007 c. A CAPITAL LOSS of 93%.
The same fate may be awaiting the shareholders of ARO.asx. So, pls. say NO to share consolidation. Instead of focussing on share consolidation, Management should concentrate on improving the activities of the Co. It is a real shame that the Co. does not have any activity for so long..
ARO Price at posting:
0.1¢ Sentiment: None Disclosure: Held
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