Hi Grub - as much as I hate consolidation, it's probably not a bad time to do one. Let's say they do a 5:1 consolidation and reduce shares to circa 650million, SP can only go down to 0.001 (0.005/5), can't go any lower (as is usually the case) as the ASX can't compute at lower than 1/10 of a cent.
Only problem is that they've just called a TH with hopefully some promising results, but we've been through the channeling thing several times already - goes up to 0.007 and back to 0.005.
Trading Halt, page-38
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