consolidation of shares, page-20

Obviously consolidation does not affect intrinsic value.

There are institutional investors, brokers and individuals that won't touch a company with billions of shares trading at fractions of a cent. Furthermore the USA quotation surely has better prospects post consolidation.

This is about attracting shareholders and accepting the forecasts I think its difficult to argue sensibly against it.

As to timing? If you look at the longer term now is the time.

CJCC

so far only by 50%