WIMBO-I COULDN'T AGREE MORE consolidations or rev splits ( one in the same ) are just a fraudulent way of raisning the stock price since the company couldn't get it right in the first place. You are totally right within a year they are back trading in the area they consolidated at and the company is no better off even though management will spin it that this is the best thing for all involved.
The old consolidate shares then issue tons more. If you think its bad now wait till they do the 40 for 1.