I am yet to see a company hold their post consolidation price, look at CCC, did a 10 for 1 consolidation to 40 cents last year. Their price as of this AM, 0.047, so essentially they are back where they started.
Yes this consolidation will stop the company going into liquidation, BUT, it will not stop the slide of the SP. If I didn't have shares in this I would be saying let it go into liquidation and then let the bloody directors find another position with this saga on their CV's.
I reckon the price will be back under 1 cent within 1 month of the consolidation.
very angry.
Dr
In the queue to sell , but not holding my breath.
VIL Price at posting:
5.0¢ Sentiment: None Disclosure: Held
