Not a stupid question, it it currently going through a 125-1 consolidation .
Meaning If you owned 1,250,000 shares in the company a month ago and over that month hadn't sold them. Today you would only have 10,000. (Every 125 shares turned into 1)
They do this mostly to encourage a more trade able stock, because it reduced the amount of shares within the company. Looking at a few of the announcements there was excess of 1.237billion shares, it has now been reduced to 9.9million.
Mark
LRC Price at posting:
$2.50 Sentiment: None Disclosure: Not Held
