RE: WHY, WHY, WHYI got burned the same way when LEM turned into PIO and did a share consolidation to get control for the new owners of PIO in the takeover. Its so in this case the new majority owner can easily have take a majority position in the company i.e 60% then they just reduce the number of existing shares and it is not as dilutive. Unfortunately the retail investor once again gets the short end of the stick. And agreed post consolidation is not a fun time, as I have already learned from owning PIO. If you have serious capital in this I would say to get out pre consolidation and you can re enter later, as I have not invested very much I will probably ride it out. I suppose the only saving grace might be the settlement if their is one, it would stabilize the post consolidation share price, other than that maybe a couple of quarters with less debt may make the company profitable which might help also, though a huge consolidation like this is scarey.
Oh well just another "retailer gets screwed" scenario once again
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