I too hate consolidations. Have never done well with them. Been through about four - and all lost me money.
OK to say the price will "bounce back" - but will it? In this climate of doom gloom?
MPO one example of a share which I got out of - has never gone anywhere much since consolidation. Perhaps it will, but when?
It's always what suits the company. Never what suits (or is best for) the shareholders. and always news out of the blue, without any shareholder OK or consultation.
I hope for the absolute best for CEO / Draig - but yet to be convinced this move will benefit holders. Depends at what levels you bought in on of course.
My opinion only. No intention to downgrade what appears to be excellent potential - I'm holding and hoping for much better things, and hope that this is a change of luck in such circumstances.
CEO Price at posting:
5.7¢ Sentiment: Hold Disclosure: Held