BLY stated there are no consolidation plans at this stage. I...

BLY stated there are no consolidation plans at this stage. I also received a reply from investor relations which stated the same.

I'm unsure about all the ASIC requirements for consolidation but I expect BLY wouldn't get a consolidation approved even if they wanted to due failing to satisfy going concern requirements. Plus it would cost them cash.

It's also hilarious how they've approached credit rating agencies and essentially paid for an upgraded rating to attract more institutional funds. Hardly a strategy. Who knows maybe there are some funds out there who like to roll up their money and smoke it.