To those that argued against my prediction of a sell off after this crazy 1 for 10 consolidation the reality of it all is now obvious.
I stated that we wern't an $18.00 company and would be belted after the implementation of the consolidation. My very words were "the phsychological hump we had to handle with the jump from a $1.80 company to an $18.00 company".
Ok we had the capital return and the dividend to factor in but since the announcement of this crazy consolidation we have gone into freefall.The Eurozone crisis and the poor US. outlook havn't helped either but generally the sell off started after the announcement of this consolidation.
There better be a good reason for it(ie a move on SFR or some other target)otherwise it will look like the OZL curse has raised its ugly head again.
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