Read the Information Circular today.Reason for Share Consolidation:
The Board recommends that shareholders vote in favour of the proposed share consolidation in order to position Endeavour more attractively with a broader range of investors, recognizing that our solid midtier producer status is inconsistent with our current ‘junior penny stock’ appearance.
Hahahaha. That is the funniest reason I have heard for a share consolidation. Seriously, why did the stock price reach a "junior penny stock level" is what needs to be questioned.
And how does this share consolidation help long term EDV shareholders ??. They are left with 1/10th of their shares. If somebody invested and held at an average price of $2, the new share price will need to be $20. so that they can break even !!. I don't see any midtier producer out there trading at $20 per share.