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Hi William,
In this coming years, you will see a lot of share consolidation happening because SGX set a rule that the minimum share price in SGX must be $0.2 and above. Personally, I do not have any concern with liquidity because some of my best investment are in stock that are low liquidity. there is no effect on share consolidation, for instance before share consolidation the market cap is $100 million after consolidation it is still the same. I don;t view it as a bad thing for shareholder