I hate consolidations, whilst in theory it is an administrative thing historically companies that do consolidations find their share price declines post consolidation.
Acquisition of unmarketable parcels (less than $500 in value) cannot be done by compulsion however often small holders don’t follow their stock closely and may not respond to the letter asking if they want to opt out of any such acquisition thus resulting in an overall reduction of small shareholders. Note that I didn’t think CSS had a large number of shareholders so the usual excuse of the benefits of consolidation, ie reduced administrative costs, would not apply to CSS.
CSS Price at posting:
5.7¢ Sentiment: Hold Disclosure: Held
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