Some fool said "What I find so amusing is that we still have people banging on about how the consolidation was over the top and the wrong call. Yet I've not ever seen a clear explanation as to why it's so terrible?
I'll challenge anyone to explain to me how and why the consolidation is a bad thing for EGO."
first of all let me stop LMAO at this noob, especially his HUGE holding in this company.
After Consolidation:
Price drops from 60 to 41c in a week (31.67% drop)
Bye Bye 50m+ shares support @ 4,5 and 6
Thin market depth with price gaps everywhere
Thinly traded low liquidity stock now
Very volatile price swings on very low volumes
Price sitting at the BOTTOM of the spectrum
No sign of any insto buying
Now if anyone can't see that the consolidation was bad for this stock they gotta be brain dead.
EGO Price at posting:
45.0¢ Sentiment: None Disclosure: Held