RE:RE:RE:RE:Notice of Special Meeting
"...the proposed share consolidation, the Company's Board is also considering a potential listing of the Company's shares in the United States ("U.S.") with the view of increasing access to U.S. capital markets and enhancing overall shareholder value"
The "potential listing" in a major US exchange (most likely Nasdaq) is the part of the NR that boosts the sp up. Congrats Turk!
In general a reverse split is done because the share prices have declined in value so much that a consolidation is needed to keep the stock not to be unlisted thus the stigma. Not in our situation.
Our consolidation is to meet the minimum requirement for an upgrade to the playing fields of the big boys.