Ann: Pilbara Lithium/Gold project - acquisition update, page-218

Why would you sell out solely because of a consolidation? If you are selling out for other reasons fair enough but as vendor has stated the market cap won't change..... so if the large holders can spook the small holders post-consolidation by selling a portion of their shares and picking up everyone else's for peanuts at a lower price why wouldn't they? We still have a tenement knocking on the door of PLS and AJM's Lithium filled tenements so what has changed? I can see the options get dumped post-consolidation because alot of holders will finally be able to get some return on their losses