wrong strauss - the previous consolidation was only 1 for 10
a few years ago they did a 1 for 10 reconstruction, but at the same time, they had a 1 for 8 bonus issue - and tossed in a 3 free options, for every 5 shares held
see report from july 9 2008.
the gda cheer squad at the time, were declaring that money was growing on trees.
after the consolidation, the shares may have traded at about 30c (or maybe 25c) - but within 6 months, they were trading at about 1c - and eventually, the shares went down to one tenth of 1 cent - and there was a 100 for one consolidation
GDA Price at posting:
6.6¢ Sentiment: None Disclosure: Not Held