RE:Purpose for the ConsolidationReading between the lines:
- "to enable the Corporation to pursue future business opportunities";
- may involve a "Dilutive Transaction" (read: acquisition or merger);
- "the Consolidation should lead to increased interest by a wider audience of potential investors" (read: a major acquisition or merger that will catch the market's attention, and/or uplisting to TSX);
- the consolidation was approved at the AGM, but was not required once approved. In other words, the board (with significant insider ownership) has decided that this is a good decision, and decided quite suddenly IMO.
It is my interpretation that big things are happening, which we should learn more about in the coming weeks/months.