Snowkat - all empirical evidence shows that consolidations...

Snowkat - all empirical evidence shows that consolidations result in a loss of shareholder wealth. It's a known fact, but in AXM's case they have no other option due to the ridiculous amount of shares on issue because of all of the capital raisings at lower and lower prices through the many years.

I'm sure others will agree and can provide more examples of the ill effect of consolidations. SIR is a good example as its has previously done deals with AXM and its main shareholder Mark Creasy (Ex. AXM) used to be Mark Ashley's partner in crime.

10:1 Consolidation from roughly 4c to 40c in Dec 2010 - fast forward 12 months: 5c, thats a 87% decline in shareholder value post consolidation.

Consolidations allow investors to sell out easier because the price increments are much smaller than at a nano share price. This induces a constant flurry out pre consolidation folk selling out resulting in massive downtrends. From there it's a vicious cycle

Have a look a VLA too..