Don't believe in consolidations full stop? Then take a look at this.
(there has been much scepticism on this forum re consolidations)
BENETIC BIOPHARMA (BLT) did a 25:1 consolidation In July last year . SP went from 0.015 to around 0.30 (a 25% fall) and remained at that level for 3 months or so. It is now above 0.80 and powering on. [over 2 billion shares down to about 85 million].
Consolidations per say are not company destroying, it's what's under the bonnet that counts. They apparently have the goods, have we?
consolidation
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