OGI 0.00% 0.5¢ ogi group ltd

Ann: OGI Raises $6 million, continued suspension from quotation, page-8

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  1. 14,245 Posts.
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    That's what consolidations do - they destroy shareholder wealth.

    It reduces the number of shares on issue so they can start the whole dilution process over again.

    Keep in mind, there was also a 1:25 consolidation in May this year.

    2 consolidations and two name changes in one year

    ....brilliant

    and the result on one side of the coin is a lot of once faithful shareholders, whose lives have been either destroyed, or seriously messed with.

    Flip the coin, and you have well fed management.
 
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