RE:Share ConsolidationI saw his explanation and it makes sense but I still think he could accomplish the same thing with a 10 for 1 roll back. You don't want the stock priced too high or too tight.
But then again,
A friend of mine in the mining business told me they likely want it wrapped up in a tight little package so it is easy to sell to a larger corporation. He reminded me the current majority shareholders are not miners but private equity people. They are in it for the flip.