Sangoma Technologies Corp T.STC

Share consolidation

[Captain71]

The TSX just closed at a record high and yet we are down again. I realize it’s only been a few days but It appears many investors are not in favour of the share consolidation.
 
 Is anyone aware of any reasons why this could or should be a good thing?

Tks. GLTA

[profitprophet1]

This is required for Nasdaq listing. Perhaps not 7 to 1 but certainly a consolidation was required. Having access to large pools of capital on the Nasdaq is a good thing. As for the mechanics of a consolidation it is no different than trading in the 20 loonies weighing your pocket down for a single twenty dollar bill. Being "mad" at a consolidation simply shows one's naivete as

[pacer217]

I wish they would done @5-1!   At seven it comes out un-even at every account. ( I have STC in four places ).  The round DOWN in each will cost me about $24.00 as I figure it SUX!!

[Captain71]

I agree, a 4-5 multiple would have worked out much better for most shareholders. Got a feeling having a “nice” number of shares in investor’s accounts was not high on the priority list, haha.   If Q1 numbers are good this might work out better. Fewer shares mean more EPS which will catch the eyes of some larger investors. If the bottom line is negative again I’m afraid how far it might drop.