time to buy - post consolidation?

Just 10 months ago the sp reached a post GFC high of 3c - now through incompetance this level post consolidation will be tested shortly.

Without stating the obvious anyone holding pre-consodidation has no chance or very little of recouping their losses todate.

A consolidation of a penny stock is a warning to cut your losses and get out - because it will inevitably retrace back to the pre-consolidated SP - in this case .007 - .008.

The consolidation was hotly debated in February as to the ultimate result which is now painfully obvious. Very similiar but not as severe as the consolidation in MSC.

RCP is following this trend back to its pre-consolidated levels and exacerbated by lack of finance and current market circumstances.

There will be a bounce monday but over the next few months its downward spiral will continue.

Is it the right time to buy - in my opinion - No.