RE:RE:RE:Voted todaythat's not how consolidation works... If I have 1,000 (@$0.15 = $150) shares and we consolidate 10 for 1, I will have 100 shares (@$1.50 = $150). How does that get rid of small investors??
The reasons to consolidate are mainly:
1) meet the minimum price requirement of a stock exchange
2) meet the minimum price requirement of institutional investors (who may not be able to invest in penny stocks, so if we did a 100 for 1 consolidation for example, our stock would be worth $15 but we would have 100 times less shares outstanding.
It's all completely artificial, like changing 100 pennies for a dollar.