Agree with you Ville 100%. Every consolidation I have been involved in has resulted in the SP retreating, especially 10 to ones. It's defenitley a physcological factor and it also reduces the Mum's and Dads from buying as they percieve the SP too high. No one wants to buy 50 shares in a company when before it would have been 500.
PNA is rising today and OZL losing yet again and it looks like another 3% or more today.
PNA did a 5:1 consolidation and have been much more stable. DaveJ
OZL Price at posting:
$12.68 Sentiment: Hold Disclosure: Held
