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@Just_a_guy 1. the fact there will be a consolidation, which -...

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  1. 1,641 Posts.
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    @Just_a_guy

    1. the fact there will be a consolidation, which - despite what efficient market theory would say - almost always results in shareholder paper wealth diminishing;
    2. the fact the proposed consolidation is grossly undercooked, which doesn't create confidence in management. For clarity I should note - for stocks trading in fractions, consolidation is generally the 'right' thing to do because it increases liquidity and decreases the bid/ask spread percentage. So kudos to them for at least doing one. But if you're gonna do it, do it right. With apologies to WHAM!
 
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