Consolidation for more attractive to investors.
I suppose that after consolidation de price would be go down to 0.1 or less, because the next step of the company, is an non brokered private offer of aditional 20.000.000 shares, more than double post consolidation total shares outstanding.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.