That's what consolidations do - they destroy shareholder wealth.
It reduces the number of shares on issue so they can start the whole dilution process over again.
Keep in mind, there was also a 1:25 consolidation in May this year.
2 consolidations and two name changes in one year
....brilliant
and the result on one side of the coin is a lot of once faithful shareholders, whose lives have been either destroyed, or seriously messed with.
Flip the coin, and you have well fed management.
That's what consolidations do - they destroy shareholder wealth....
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