2023 Production Progress, page-203

Why are you saying this? Why would a consolidation be on the cards?

talk came from but it doesnt end well for holders, 100s of examples of consolidations not working out, can you point to any examples of consolidation leading to more shareholder value direclty after consolidation?


The reasons for consolidations are to raise more money, ie lining up for another CR, which MMI is not in need of at the moment.



For shareholders it almost always works out worse, cant think of an example of it working out well, infact I challenge those reading this to find an example of a consolidation not leading to lower prices directly after a consolidation, hard to find even 1 example , but plenty of recent examples of it working out bad.

Check out recent ones WSI, ZLD, MOM, MDC, NUH, Ci1, TPD, MGT all these consolidations lead to new all time lows. Really no reason for it, just takes up time and money in admin, gives the share price more room to fall, and also allows management to do a cap raises.