Well, they might as well try a share consolidation. It will make the shares less liquid and more tightly held. It will prevent the pip traders from making 30% plus gains on the trading of a pip.
With less shares on issue and maybe, just maybe, some good news & announcements then the share price may and it’s a big may move upwards. What’s the alternative? Stuck at 0.004 and 0.005 for ages? Even with some positive news.
I don’t know much about share consolidations but what’s the alternative? What do others think?
Ann: Notice of Extraordinary General Meeting/Proxy Form, page-4
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