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Ann: Final share buy-back notice - Appendix 3F, page-16

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    The point of my post was to attempt to demonstrate that consolidations do not reduce the potential for day trading liquidity, in fact in the case of penny stocks they actually increase it. However the psychological misconceptions of the day trading fraternity run counter to this rational fact.

    I agree, that investors and savvy traders do not fall for the psychological fallacy. Good strong companies will always benefit from consolidations as long as the fundamentals hold up. Those that fall by the wayside (and that is the majority) fail because the day traders desert them and there is no fundamental strength to them. Such companies consolidate as a last ditch attempt to keep afloat. It almost always ends in disaster.
 
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