history --or dummy spit!, page-15

OZL consolidated at 10 to one when the SP was $1.40 in May 2011 with almost a billion cash and backed the SP post consolidation with a share buy back program yet the SP dropped in the interim to $7.43 while paying an above par dividend.

In IGR's case, it does not have the cash to support the SP with a post consolidation share buyback and given its 2 cap raises within the past year,
the market would likely see a consolidation as another opportunity for it to cap raise yet again.

With kind regards
Moorookamick