Ann: Cardia announces proposed merger with Stellar Films Group, page-33

Mackattack

You can keep claiming whatever you like, and keep up your sophistry arguments, afterall you can justify anything at the end of the day. What you fail to see is that penny dreadful companies are priced at penny dreadful level because they are purely speccys. Just look at at Kentor Gold. Priced at $0.13 did a consolidation and price went to $1.30. According to your theory, the market cap was the same and in no way should it have dropped back to $0.13. The company did not issue new shares. The company did not deliver. The price dropped back to $0.13 and even lower. Show me a company that has consolidated and not delivered on profits that has not slid back and we will start to believe you.
History shows that consolidation destroy wealth, share splits create wealth.
And by the way, I have friends who love to punt on shares priced at a margin of a cent. Now and then they make nice little runs to $0.05 to $0.10 and they make a fortune out of them Example, AIY.

Pear