re: Ann: Technical and Corporate Presentation... Vendor,
From my experience (and that is not really that much), a consolidation usually gives more room for the share price to reduce. Shares are like any other commodity, only worth what people are prepared to pay and the value of a company is the sum of all the shares. As you say - Market Cap. is what counts in the end.
My opinion only
Ann: Technical and Corporate Presentation Update , page-23
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