Hi Villagegenius, I understand and acknowledge what you are saying and to some extent also agree with your comments. However, you do understand that most holders here have bought in at 0.004c. What you are saying may be correct but it is still a presumption that the consolidation wont work out. That does not mean that the holders should sell now and realize a 50% loss solely on the basis of that presumption.
I reckon it is worth a punt to give the company one more chance and who knows it may work out. And should it not turn out to be as expected I will be happy to make a loss at that point, at least I would have given it a chance rather than get scared and make a loss before hand.
Either way, the holders who bought in at 0.004c in the worst case scenario have to be ready to make a 50% loss either by selling now or later, post consolidation. I for one will be waiting for the later. GLTA
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