Lavita we all know & understand that. What you are failing to understand is your shares lose their value as per my example below:
For Example: Before consolidation if you have 8 million shares & SP climbs to $1 your shares are worth $8,000,000. After consolidation you have 800,000 shares & SP climbs to $1 your shares are worth $800,000. You have effectively lost $7,200,000. Simple maths.
Which would you rather have the $8,000,000 or take the loss & have $800,000 ???...... I know which one I would rather have.
Ann: Notice of General Meeting/Proxy Form, page-67
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