little hidden gem, page-25

Little change in subject - do any of you guys have thoughts on the implications for EBT from the legislation going through currently re pokies?

Re consolidation - agree that SP does suffer a little. In some cases it is because the traders leave the stock once it is no longer a penny-stock.

Also, many small spec stocks with poor prospects and ridiculous numbers of shares on issue consolidate to hide their poor track record of continual capital raisings and dilution to fund their ops.

In true Buffet style a consolidation should merely be seen as an opportunity to buy more rights to the underlying assets/ earnings for a cheaper price :)

Cheers
John