'over 90% of all consolidations are a sp killer pre and post consolidation ...'
That has certainly been my experience, punter. First Blackham Resources (which also added to the confusion by changing its name at the same time - now Wiluna Mining Corp), went for a 100:1 consolidation a year ago, and then Middle Island consolidated its shares with a 23:1 restructuring back in December. Both have slipped even lower in the rankings, despite all the seemingly sound reasons put forward for the change.
I understand the theoretical justification for undergoing a consolidation but it often just provides a weak company with a greater distance for its SP to fall.
'over 90% of all consolidations are a sp killer pre and post...
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