Absolutely bacs not sure if you are still holding EMR(disclosure I am) but that was almost a perfect consolidation, from what I understand they are tricky to get right. As an example to others that say they don't/can't work, I had a average of 3.9c in EMR there was a 10:1 consolidation leaving me with a 39c average effectively within weeks the SP was above that & has never looked back. Granted the BOD know exactly what they want to do helps & have a proven track record but it can work. I believe its all about the timing of an potential consolidation, which could effect the outcome.
Ann: Trading Halt, page-68
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40.0¢ |
Change
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Mkt cap ! $142.5M | |||
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| 41.0¢ | 6435 | 1 |
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