The research paper on the link below may assist in assessing the effects of consolidation. I know it's the US, so you may be able to understand the concern regarding consolidation for survival purposes. Note the difference between a survival tactic and the discretionary reverse split HCY is embarking upon. RESEARCH suggests it can be profitable.
"It appears that corrective, rather than
survival, motives for firms doing reverse splits, generate wealth for shareholders"
http://207.36.165.114/NewOrleans/Papers/1801768.pdf
I've seen stocks dissapear after consolidation, but that's because they had to consolidate so they could go lower (CRB e.g)...I don't believe we have the same instance here. It will be a $20 million company at 30 cents a share with a share register the size of a new IPO, with a new and viable project to bring on line with what appears solid management
DYOR ....invest in fundamentals and management and don't listen to what I say.....I post on Hot copper.
HCY
halcyon group ltd
