My main holding went through a 25:1 consolidation some years ago, and at the time, my sentiment was exactly as yours. I felt somewhat bitter about it despite understanding the actual value hadn't changed.
As it happens, in retrospect, i think it was exactly the right thing to do, but it depends largely on the potential of the company. Many believe the company in question can be a $100 PS company. This puts MC vs SP at a similar level to similar companies. Pre consolidation, that would be a SP of $2500 - an impossibility, therefore limiting growth - the same psychology in reverse.
In fairness, the situation I've described is quite rare, and it may all go tits up, but I can see the logic.
My main holding went through a 25:1 consolidation some years...
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5.7¢ |
Change
0.003(5.56%) |
Mkt cap ! $417.2M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.8¢ | 5.2¢ | $2.499M | 45.00M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1921794 | 5.6¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 5.7¢ | 1368288 | 7 |
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