What a strange consolidation 1 for 5 is. It won’t even bring...

What a strange consolidation 1 for 5 is. It won’t even bring them to a whole cent on a post-consolidation basis - it’ll be ~390m SOI @ a notional 0.5c (using today’s 0.1c share price)

I could certainly understand 1 for 100 perhaps, bringing SOI to under ~20m @ a notional 10c.

Imo if you’re going to do these corporate actions/reverse splits then you might as well do them properly. A one-off massive reduction in outstanding shares would create greater scarcity, greatly improve the look of the capital structure, make managing the share register easier, and discourage scrappy parcel trades that contribute nothing but a continuation of the penny stock feel to this company that SCU created. I think 1 for 5 is utterly pointless and will only see this trade back in a downwards direction.