RE:RE:RE:RE:RE:RE:Nova?I have seen this movie before.
You need shareholder approval for a consolidation not volume. We all voted that in the last AGM.
Well, maybe not all of us. At todays price the stock would be revalued at $8.00 per share after a 20 for 1 consolidation. Volume would now be one twentieth of where it is today.
Unfortunately, the market will not see this as an $8.00 stock even with the limited number of shares issued. My guess is it will drift back to around $3.50. Or $0.175 cents in todays prices.