Consolidations in my experience are terrible for existing shareholders, and when FOY was trading as MGK, they did a consolidation at around 10 cents and this was disasterous for those shareholders as the stock drifted to what we have now of .001...
IMO this 80 for 1 consolidation at todays price of .001 should give a post consolidation price of 8 cents...but given past performance this stock it is likely to open at 4 cents, a 50% discount and drift down to lower levels possibly 1 cent giving a possible loss post consolidation of 90%.....
These thoughts are my opinions only, but if the past track record of FOY is anything to go by, the above scenario of a 90% loss post consolidation would be a success.....IMO
FOY Price at posting:
0.1¢ Sentiment: None Disclosure: Held
