With the risk of also being dumb and being new to the market, haven't come across a consolidation before.
i bought 20000 RES (CDS at the time) @ .17c = $3400
With the consolidation:
2000 @ .17 = $340
With a bit of hindsight, would i have been better off selling my shares at a pre- consolidation level, say @ .06c = $1200. Write the rest off as a tax loss and re-enter RES at these low levels.
As it is, RES would have to go to $1.70 for me to break even!!!!!!
RES Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held