not interested in ‘proving you wrong’ but share consolidations can weaken share price for a number of reasons, including the mere fact people believe it will (self-reinforcing psychological behavior)
don’t misunderstand me, i’m not opposed to consolidations in principle, and actually think it is beneficial and necessary in this particular case. I just wish mgmt had scheduled the announcement in with some positive newsflow to soften the blow
shareprice action of recent weeks has been an absolute horror show. I realise mgmt has to do their thing and think long term, but how about trying to smooth out some of the bumps in the road for us little folks?!
MOD Price at posting:
4.4¢ Sentiment: Hold Disclosure: Held