Mogul Technical Analysis, page-114

the time to do a consolidation is when market cap is so low it is unlikely to fall further or practically can’t, and there is pending improvement and potential upside. Market cap doesn’t change. But increments upwards to market cap become larger if share price improves. At $6m market cap with pending news on partners and mobile, I would see this as a perfect time. Forget the groans of pip traders. Current 2 x billion shares scares more serious investors away. And they won’t come in until sorted. Would be a missed opportunity not to do now - but my guess is management won’t in the short term