KISS of DEATH
The Board of Directors of FCU have put the kiss of death on FCU with their passing of the resolution to consolidate the outstanding shares. They have basically put a cap on the share price. Investors do not want to buy shares in a company that is about to consolidate its shares.
Consolidation is an admission of failure. It is a last resort because money is going to run out and additional dilution by selling more shares is not possible. Once done, consolidation puts a smell on the company and it will get avoided by investors.
What a shame. What a waste. It is downright embarrassing what management and the board have done to a company with a great deposit.
Scoundrels is t he kindest word to describe them.