A share consolidation should not result in any dilution.
It will reduce the number of shares you hold, but while the underlying value of the assets of the company remain the same it should just result in an increase in value of the individual shares that remain.
For instance a company has 10,000,000 shares with an asset backing of $5,000,000.00.
Value per share is 50 cents.
Consolidation is done at 1 for 2.
Company now has 5,000,000 shares with an asset backing of $5,000,000.00.
Value per share has increased to $1.00 per share.
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