RE:RE:RE:RE:RE:Reverse Split or Share Consolidation or Share RollbackOf course.
Lets take an example of the penny investor .
At 0.055 there are 525000 shares for sale by 15 offers.
So, about 35,000 shares per offer which is about $1800 average investments .
So if they net 2 cents , they make $700 profit .
We don't need those penny investors which clutter the bids and offers but we need serious investors which won't come near a 4 or 5 cent penny.
I think a 1 for 5 or 6 would get us above $0.50 post consolidated very quickly.
You must remember that 4-5 large shareholders here hold close to 40% of the shares.
They will do what is right without taking a haircut..