pear
I usually am not in favour of SC - CNN is a different case
the company you mentioned KGL:
a- already was in the 13 c plus range, enabling smaller steps compared to CNN
b - most importantly:
had fundamental flaws and managed to "lose" 2 flagship tenements that were going to drive the company's income stream - so no income, but selling at a loss and having to come to debt arrangements !!!
Very fundamental difference
I have seen a few SC that have worked and could cite BLT having done a 25:1
(from memory) and have gone form a 30c post consolidation to a high of 2.50 since
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