I bought 60,000 CLZ at 8/10 of a cent. The board instituted two consolidations, the first 150 /1 and the second 50/1. This caused a 50x150 = 7,500 reduction in my number of shares. 60,000 divided by 7,500 equals 8. The consolidations reduced my 60,000 to 8 shares that I still hold, which are worth less than one cent.
Can you imagine the uproar if BHP did this?
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