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Sar can also argue, tox results are commercially sensitive information and they wont be released.
theyve never ever released this kind of data before, so why would they now?
they will summarise with words like the data is encouraging etc
seems people here are having a hard time trying to find a good consolidation story..
Rene back in 2018 100 to 1 consolidation
price was rebased at 136 after a few months rose to 325..
however they've not had good news stories to keep up their momentum.. shame as they were on the cutting edge of stem cell therapy..
a dumbed down guide
read all the way to the end
https://orca.app/blog/share-consolidation/
a simple reason for those banging the drum about why we need consolidation, and this ties up with Sar saying its a way to attract institutional investors
The other significant reason for consolidation could be an attempt to be increasingly viewed as an attractive investment destination for many investors that have policies against taking positions in a stock which price is below a minimum value.
it doesnt seem to be a rare thing, to have consolidation and acquisition activity
https://www.pennon-group.co.uk/media/news/proposed-special-dividend-and-share-consolidation-and-changes-articles-association
its the other way round but still a example of it does happen
On 10 May 1999 the ordinary share capital of the Company was consolidated on the basis of nine new ordinary shares of 5 5/9 pence for every ten ordinary shares of 5 pence held on 7 May 1999. The consolidation was linked to the payment of a special dividend of 12 pence per share on 23 June 1999.
On 5 July 1999 the acquisition of the AA by Centrica was announced. By the agreement subsequently, ratified by the AA, each fully paid up member on midnight of 4 July was entitled to a cash payment of £248.56, which was paid by cheque in mid-October 1999.
you go Potnak
https://www.centrica.com/investors/financial-tools-and-resources/historic-share-consolidation/