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

@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!