The consolidation has already backfired quite miserably as far as I am concerned.
Pre consolidation we where bidding at 6 cents and management was proudly preaching how the stock had risen 20%.
Post consolidation we are now bidding at 4.6 cents. No liquidity, no buyers, sector sentiment much worse.
The additional problem is that success at RGN-1 seems fully expected and may only help the stock from sliding further. A muted response is likely. Any pump will be also be instantly dumped.
EGO Price at posting:
50.0¢ Sentiment: None Disclosure: Held
