I have been through many consolidations over the years, not a single one has been helpful for investors unless you play the game of buying and selling for 10% increase and do it regularly ie churning shares.
I said the same in 2014 when MZI did a 40:1 consolidation
"You have to be dreaming, any existing shareholder will NEVER get their money back let alone make a profit.
I am one of those investors who is deliberately buying at .006 c and selling at .007c, millions at a time, it is the only way I will ever get my money back."
Well its now 4 years latter and the mine is producing, BUT the share price is now 1/4 of what it was before.
The share price had been as high as 10c price which would require a $4 share price today to BREAK EVEN, today the share price is 11 cents.
The only person who will win is the CEO who gets paid $1/2 million annually plus gets another 110 million shares for nothing.
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