Yes that is true ,if you got your shares at .005 and you consolidated now its fine ,but for many of us that paid over the 0.001 we lose 50 % just to start with and I am sure lots of share holders paid a lot more ,now after consolidation the price start to drop by 0.005 that will mean a big drop .but if the bring the share price up to about 0.012 and made it about 50/1 most share holders would not mine ,lose not to great .
EGO Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held