Consolidation not immediately, and needs catalyst..."In support of the application and to assist the Company in meeting all of NASDAQ's listing requirements, the Board is asking shareholders to approve a consolidation of the Company's common shares at a special meeting (the "Meeting") of shareholders to be held on February 23, 2018. If the share consolidation is approved at the Meeting, the Board will have the discretion to proceed with the consolidation for a period of 12 months following the Meeting, which it anticipates doing in conjunction with strategic events and/or catalysts in order to maximize value for shareholders. With the support of the Company's shareholders, Oncolytics would be positioned to amass unrecognized value and join the ranks of the world's most respected biotech companies."
Dont expect consolidation tomorrow - it may happen over the next 12 months.