Just my opinion, which isnt based on any research. So i see a...

Just my opinion, which isnt based on any research. So i see a share consolidation as an absolute non issue. I don't see it having any material impact on the share price. I dont see it adding or decreasing liquidity. It is absolutely aesthetic and if it does affect people psycholigically then in my opinion they have no concept or understanding of the stock market.
A newbie may look at a 10 cent stock and go ooooh thats cheap, yet it may have a market cap of 1 billion dollars. And on the flip side you may have a mid cap investor who doesn't like the look of a penny stock price even though its market cap is in the billions.
Its always about the market cap. The biggest factor in liquidity is how tightly held a stock is by the biggest investors. If you look at a stock where the top 20 are holding 70 percent of the stock and they arent selling liquidity will be tight.

Look in my opinion its an absolute non issue. Psychologically it may be more attractive to the sophisticated/institutional investor to have a higher share price, but thats it nothing more. This is my view anyway, i would be interested in other opinions, especially those who can prove me wrong.