no to 1 for 50

Vic, I think, is being advised by brokers who have no idea. First the 1 for 1 at 0.4c, when the market was 0.5c/0.6c at the time. It just told the market that MSC valued it's sp at 0.4c. Extremely stupid. Now he is being advised to consolidate with a 1 for 50. MADNESS. Firstly the insto's will ignore the stock when there is a rerating. Why, because of a lack of liquidity. Not enough shares on issue. Hard to buy a meaningful parcel without running the sp a long way up. They won't touch it. Also margin lenders won't touch it for the same reason. This will hold back MSC.
I, for one, will vote against it and voice my disapproval vigorously. My suggestion is a compromise of 1 for 10. This will leave MSC with a bit over 500m shares, ample liquidity. I just don't want to see Vic get lazy and use this reduced shares on issue to place more shares at cheap prices to Chinese mates robbing us all.