Ann: Consolidation/Split - ICG, page-231

Yeah that was an interesting consolidation.. they only had 1.2b shares outstanding plus options.. which is sweet fa for microcap explorers..

Not sure what the catalyst was for. 60-1 consolidation, I didn’t read every announcement in detail but they ended up with only 20 odd million on the register and that’s pretty much why they jumped from post consolidation of roughly 12c to 19c in a short timeframe.. not too many shares to play with on the open market if you were to factor in top 20, directors etc.. (not that I read the holder information just my experience)..

Looking at their chart, it was a good move for whatever reason the company had, an uptrend pattern formed pretty much straight away post consolidation..