need some math skills, page-18

Pear I don't agree with your theory that shares head back to the pre consolidation price, in fact it seems ridiculous that investors will simply do no reasearch on the value of the company, and drive the shareprice all the way back to 17 cents, 10x below what the company was valued at by market cap on a pre consolidation basis.

To borrow from David Dreman's research, the good thing about unloved companies such as elders is that negative suprises do not have as much of an effect on the share price as they would for hot companies, and positive suprises have a much bigger effect on the company.

If I was going to throw out a prediction on how this was going to play out, I would say the chart will be VBA. Alot of sitting around the 16-25 cent mark for a year or more, then as the company gets some runs on the board the share will slowly increase.