A consolidation wouldn't be helpful at the moment.
The only reason the MC is currently held at $10m is that the minimum price you can trade them is 0.1c. At the moment, there are no buyers for the 1b shares selling at 0.1c so they would need to be even cheaper before buyers would take them. If you consolidated to 10c then it would be easy for those shares to be sold by listing them less than 10c. As @SwingTrade pointed out, LIND's conversions and track record of selling whatever they convert would just add more consistent pressure. Technically, after a 100:1 consolidation, if it got sold back down all the way to 0.1c again the MC would be just $100K (not implying that would happen because worst case, shell value is at least a mil or two I think)
The time to consolidate is once you come out the other side of this kind of mess and things are on an upward trajectory again, ideally with dilutive raisings behind you. Until then its best to just grin and bear it
ANW Price at posting:
0.1¢ Sentiment: None Disclosure: Not Held
