RE:2:1 consolidation is not a share consolidation.
not sure what you mean by this traderjoe. Prior to today I had 3200 shares today I have 1600 today that is to me a 2 for 1 wouldnt you think? Regardless this was a smart move to all for higher levels of financing and by extension less dilution...that said companies need to be smart in managing their shares and who they will let in to their private placements. Sometimes when you need monies badly you dont have much of a choice but no doubt some will be more favorable than others and to keep some control best to see management holds enough shares so that control isnt completely gone...eti financed people participated at $2.50 exercise the stock was pushed down badly management didnt have any involvement in the raise needed to lower the strike point but people paid from my recollection $1.25 or something just principle here needed more monies at lower raise with lower strike point for warrants those who participated in the raise were not happy and the shares got hammered badly down to .54 before coming back to around.80ish...the company is a fairly solid longer term hold but really for where it's at and potential in my opinion be closer to 2 it dropped from 1.20s reflective of the second raise and struggles...it is important that if management had some shares they could have dropped them strategically given their ones from the pp but had nothing so there was no share support...see manipulation goes as many ways as you can count them which is unfortunate it will always happen favorable or not is relative to how one handles their own holdings...hence best to use strike points to avoid the majority of this and minimize damage risk. Still to me this is a share consolidation a smart move let see where things go.