A good discussion, re share consolidation.
If a share consolidation were to take place imho a 60 to 1
would be better, considering 3 Billion shares are on issue
or maybe 50 to 1.
As for share consolidations, some work and some dont, but
as has been explained in a previous post, it is the
circumstances that transpire later on.
Bad decision making by the companny or something from
left field that buggers the s/p.
I was a s/h in Extract Resources, they had a 1 for 10 @
10 Cents, admittedly the shares did go down from a dollar
too just under 60 Cents, but there was a reason Rio TINTO
they drove the s/p down and pushed it back up to roughly
$1.20 when they announced they had just over 19%, and the
rest is history.
A great investment, I was able to retire as a self funded
retiree, and the best thing about being a self funded
retiree is you pay no Tax.
This company will do well, you must have patience, you
cant back every winner, if you do you homework, money
will come to you.
Cheers.
Simmo.
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