about share consolidation... from ProxyFrom what I understand Wilan plans to consolidate it's shares ONLY if it is required to do so to meet the requirements of listing on the Nasdaq.
Should the stock price of Wilan appreciate so that consolidation is not required to meet the minimum stock price of listing on Nasdaq, it may be possible fot Wilan to list on the Nasdaq without having to consolidate its shares.
https://www.sedar.com/csfsprod/data43/filings/00612699/00000001/c%3A%5Cfilings%5Cwilaninfocirc.pdf
At the Meeting, it is proposed that the shareholders approve, subject to the further approval of The Toronto
Stock Exchange (the “TSX”) and the discretion of the Board, the consolidation of the outstanding common shares in the capital of
the Company on the basis of one new common share for every two common shares presently issued and outstanding. This
consolidation will occur at the discretion of the Board and will only be executed if it is expected to provide certain benefits to the
Company. A share consolidation will be executed if Management of the Company decides, subject to approval of the Board, to
list the Company’s common shares on the NASDAQ stock exchange and if such share consolidation is required to meet the listing
requirements the exchange. Such a listing would be event driven; for example, if the Company moves to acquire a publicly traded
U.S. company, or if the company does a U.S. or cross border financing. There are no concrete plans in place as of the date of this
document, January 30, 2004, to proceed with any such acquisition, but the Board requires the authority to act should such an
opportunity arise. This authority will expire and may be subject to renewal at the next annual meeting of shareholders.