would like to share a 'horror story' of a share consolidation that ended for me last week. In 2020/21 I acquired 250,00 shares in a company called Zelira (ZLD), a medical cannabis company. In April 2022 they did a 175:1 share consolidation. So, I ended up with 1,428 shares that were re listed at $1.00.
I sold out last week at 0.86c, lost 90% of my initial investment. Dumb investment, I'm predicting that they will fold in coming months, little to no cash left in the bank.
Ann: Consolidation/Split - LOM, page-216
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