RE: Yuck, 1:20 rollbackYes, normally this results in a temporary price decline both prior to the consolidation and shortly thereafter.
I don't know why, but my gut tells me GLE.A may be different. Wadsworth knows what he is doing and probably already has partners (hopefully institutional) lined up to invest but they can't at 5 cents.
One thing to keep an eye on is insider buying (assuming they are in a permissible trading window). They know that the average joe will likely sell on this news..
If the stock happens to rebound back to 4 or 5 cents before the consolidation, then I believe this could turn into something very big in due time.
GL all longs.
DLS