new director

I am a long-term holder of MOD. It is great to see that years of faith is starting to be rewarded.
However, I do get nervous when a company buys into another very cheaply and then puts a director on the board, for whatever the reason, and it always sounds very plausible.
I remember MGO from some years ago. Buy in cheap, a director on board, eventual takeover, then a 1:100 consolidation. A nightmare for those that got caught.
With MOD having about 1.9b shares, when will there be a consolidation?
Or am I being unfairly nervous?