What you say has nothing to do with the consolidation which has proven already to be a major mistake in terms of execution and timing. They exposed the stock to this very scenario despite all the obvious and valid warnings. Anything with a three handle is a new all time low.
Anyway whoever they are got what they wanted and the stock is now free to fall because it is so easy to manipulate it lower in the current environment. This could not have happened prior to consolidation. As it stands we are already in the lowest trading range ever.
The fact is regardless of the sector turmoil it is the consolidation alone that has allowed this to happen and management have nowhere to hide for destroying shareholder value instead of protecting it.
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