Ann: Consolidation/Split - ADV, page-2

While this well worn strategy will likely improve short term cashflow, if examples where this has previously been implemented are any indicator, it will invariably further erode shareholder value which will likely prove difficult to recover; creating an artificially higher peak from which to fall further where the causal factors contributing to the continued underperformance have not be more appropriately remedied.

This is certainly not a strategy I would support, but that’s just me. I’d like to see the board and management get the fundamentals of stewardship, governance, fiduciary obligations and management right, and demonstrate contemplate, consistency and accountability in the key areas, which would likely negate the need for such action.