As I said earlier, a motion is being put before the AGM to give effect to this consolidation. If you are a shareholder already you should have recevied the notification by now.
Given that the stock has fluctuated in the last fortnight reaching 190 pence at one stage, the sells are probably profit takers. After todays news there may be a further rise and then some more selling. Most share on the up have similar graphs.
BTW, for anyone interested in these shares, the price on the London Market is quoted in Euros. The value calculation by LSE.CO.UK above is therefore too low by a factor of 100.
Subjected to a roller coaster ride during the last week. Profit takers perhaps. On the up again. Holding my nerve on this one. I did not notice any news about Renesola at all!