If a consolidation makes no difference to the shareholders, it won't make a difference to the company.
It just makes the company look better managed. The share price will rise from one cent (todays price), to ten cents, not a great deal of difference. I entered at three cents.
I will be voting NO.
What are the chances of GML holding their new consolidated share price ? Slim, if their share price fell from my entry down to one cent, then the consolidated share price will fall in line with the present price action. Which means more (bigger), of a loss to the shareholders.
They made their bed, let them lie in them.
GML Price at posting:
1.0¢ Sentiment: None Disclosure: Held
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