effects of consolidation, page-2

I can't understand what makes the board think that by changing their shares to another currency (share consolidation) we will all think they are worth 10 times more. May be when they fall we will not notice it as much!

The Chairman in his AGM presentation says the opposition ridicule Staging Connections due to their poor share price. I would say perform and the share price will rise, not by some clever share dealing! The same board members have been there all the way through yet they keep preaching ?Business Conditions are tough but we are moving in the right direction? Who amongst us poor share holders aren?t sick of that story!!!

The company still holds $80 million + in bank debt, doesn't seem to be generating any real net cash to enable them to pay back substantial amounts of their debt and doesn't seem to have any plan to pay a dividend any time soon.

Their brand is no longer strong in the market place as they keep losing venue contracts but have managed to sign some new venues at what the industry believes at higher commission rates.

They have halved their capital expenditure in a time when technology is changing faster than ever meaning their existing inventory will be out dated very quickly.

Bytecraft cost them $44 million yet they have written it down heavily but that still appears the only real asset available to sell but their annual report seems to indicate it is one of their few assets making money.

Over all..... I think they need an overseas savoir to purchase the total mess but at what cost to share holders