That's what consolidations do - they destroy shareholder wealth....

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.