the much needed consolidation, page-4

Another view. Perhaps its FML's management policy to avoid SP consolidation. Whilst SP trades in cents, many insto's will avoid this stock. Insto's, through holdings, can "dictate" to the Board who & how the business is run. This SP price level makes it attractive to day traders to churn, so keeps FML name in spotlight and minimise wide price fluctuations. With so many shares issued, it makes a hostile takeover much more difficult

Therefore management gains by having a free reign & they can accumulate options at low cost. They draw a salary in the meanwhile build their super.

I suggest that when management puts forward share consolidation, we know they are leaving the ship.

Anyway, just some thoughts...