Probly just stating the obvious mate but a consol is just a...

Probly just stating the obvious mate but a consol is just a re-weighting of whats already on issue.... so in a 10:1 if you own 10m shares before, you will have 1m after but each share will be worth 10x as much... The market cap of the company does not change so you still have exactly the same value - in theory (subject to how the market reacts)   A 10:1 consol would bring us back to 431m shares and whilst it would cost a bit in admin, would save money over the longer term so we dont have to put stamps on 2426 AGM notices.... more importantly though it makes BDI more comparable to most other companies with a tenth as many shares on issue (not a bad thing if your raising capital). Interstingly it l looks like BDI consider an unmarketable parcel to be soemthing like less than 2m shares... ?