What tosh. The times I have had to read this utter nonsense. I...

What tosh. The times I have had to read this utter nonsense.

I hear exactly the same argument put forward when a small cap Company announces it's intention to consolidate their shares.
We are told by the gurus that most Instos' in house rules prevent them from investing in so called "penny stocks" because they are considered too small and too risky, but hey, consolidate the shares lads so there APPEARS to be less shares and a much improved sp and "hey presto" the "gullible" Instos and private investors will suddenly fall from the woodwork gleefully slide ruling this (completely different and now much more investable) Company.

What an insult to the intelligence and business nous of the people who run these Institutions that is. We are really supposed to believe that these people are so gullible and so stupid that they look at a Company with an eye to invest in, which - because of either a merger or share consolidation - has become large enough to grace the parameters of their radar for investment, and they are so dopey that they completely omit to do even the bare minimum of basic research into the Company to find immediately that all is not what it would suddenly appear to be.

Give me a break from this fanciful hogwash.

It has been bandied about by so many for so long that it no longer appears to warrant scrutiny, and is just accepted as a given by the masses, most of whom should know better.

Trust me.

Going bigger invariably is not better, and has been proven not to be so time and again.

It will be interesting to see what the market makes of this in the next few weeks because right now (yet again) it appears to be wholly unimpressed with ROC OIL and where it is being steered.

Good luck all!