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An example of past successful consolidation to temper the example of bad one:

BLT around June last year, consolidated from 5c to 50c, high since of $2.24, now $1.

Now don't get me wrong, there are plenty of trashed consolidations, typically these are mining companies, and the whole purpose of consolidating is to allow room for further multiple placements and a reducing share price, but for the right reasons, consolidations can be very beneficial.