Another day with not a single share traded. I feel we are forever circulating in dirty water at the bottom of a barrel.
Share consolidations are rarely great news for existing holders, as they often create a new opportunity for short sellers. However, on the upside, they move you into whole numbers, bring new eyes and at least some temporary momentum, and open the door to institutional or soph investors who might otherwise be prohibited from trading in “pennies”.
With the enormous number of shares now on issue - nearly 3.3 billion - maybe its time.
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