RE: stock21 Mar 2019 16:42
Mr wilks / Some companies if they have a lot of shares in issue they consolidate to cut down on day trading , I remember the days of VOG they had 5 bill in issue ,I think the SP then was 7p ,the company said they were consolidating to cut day trading down which it did , they did a 40 to 1 which seemed ok and they had some good news coming out in a couple of days also more good news in the pipeline this even pushed the SP up quite quick because instead of 5 bill in issue they had around under 200mill ,I sold out then but they also have not been lucky the last few years and if you check the SP now it is running at around 13p , so consolidation is ok if the company is doing ok but scary if it has bad news ,