Consolidation is very very likely, previous conversation with...

Consolidation is very very likely, previous conversation with Ashley indicated it was a case of when not if.

The big sell off into .003 and lower was always going to happen when they enacted the conversion of all the outstanding con notes, particularly those for ACG. Given they made 20% on their capital PLUS got their discounted shares based on VWAP, they wanted out and so made a ton of cash despite holders losing money.

don't think POG is a major factor in the shares not moving, I think it is more that the management have kept the announcements to a minimum to prevent price rising during the conversion process.

Best case is that management do a consolidation, announce great news just afterwards and swear off the con notes forever. If news is good we shouldn't have need for more cap raising....