Roy ,if the company is undervalued it will go up after consolidation .
Blindly quoting what happened to other stocks is irrellevent unless you compare the details of the company involved .Were they overpriced to begin with ? Did they fail to perform fundamentally after consolidation?
Was the company transitioning to a much larger company ,and are they going to grow bigger ?
Was the general market a bear market at the time ?
There are lots of questions before you can blindly make comparisons .
I would also like to know where you got your statistics of 90% of companies go down after consolidation . I think some of these types of comments are made up ,and have no basis in fact.
I do think JB has some work to do on keeping shareholders informesd . Performance on their timing is looking a little tarnished at the moment.
CCC Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held