There is no right or wrong on consolidation and I hold CTM which consolidated this year and is doing beautifully.
I believe that you can only do so many sub 1 cent CRs before you are considered to be a junk bond so to speak. My view is that they had to consolidate and a share register of around 200M shares is in itself attractive for some potential investors - I know I am always wary of the amount of shares on issue.
Personally - these threads are far more enjoyable without the un-named trumpeting genius posting.
Ann: Update - Consolidation/Split - ICG, page-33
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