CDO BOD INSANE!A 1 for 15? Are they F**king crazy? Consolidations are normally considered for much larger stock issues that run into the hundreds of millions of outstanding shares. Reed must be the most incompetent fool on earth and should resign immediately if he thinks such a stupid idea is gonna help this company. That's what happens when one cohorts with shady entities and then claims he didn't know. Instead of announcing a consolidation he should've done everything possible to get a JV going. He should've also considered selling some property to start some work that would produce some good news. What a bloody looser idiot!!!