Ann: Notice of General Meeting/Proxy Form, page-82

Hi He'sElite

What happens with consolidation is not a matter of opinion, it is a factual matter.

You motor car analogy is irrelevant.

Try this, from experts:

After a share consolidation, a current shareholder holds fewer shares, but each share is proportionately worth more.

As a result, share consolidations do not change the aggregate value of what shareholders own or the overall market capitalization of the corporation.

For example, if a corporation’s shares are trading at $1 a share and the corporation declares a one-for-10 share consolidation, every 10 outstanding shares held by a shareholder becomes one share with a value of $10."

https://ca.practicallaw.thomsonreuters.com/6-568-9086?transitionType=Default&contextData=(sc.Default)&firstPage=true