What do You Mean?The rollback used to be about raising capital in an easy fashion, due to the addition of warrants/broker warrants.
Alot of these stocks end up expiring the warrants, and they are not the draw they used to be.
The same paper has to be bought out of the deal @ $0.04-$0.05, as it does at $0.20, if there was a 4-5 for 1 roll back.
So If a company cant raise money @ $0.04-$0.05, then why should one assume that it can be done at $0.20?
The markaet cap doesnt change?
The liqudity suffers (usually), and you see thin trading on 5 to 10 cent spreads, where the stock gets locked, on a par value of being locked in a $0.005 spread before a consolidation.
Just an opinion.
GLTA