ESGold
Opinion on Share Consolidation News
ESGold just announced a share consolidation today. In this sector, share consolidations are NOT appreciated by the market. The main reason why share consolidations are dreaded is they’re used by “lifestyle” companies to instantly fix bad share structures due to “poor” management decisions. When used by “lifestyle” companies, shareholders end up getting screwed in the long run because they end up with exponentially less shares and dilution eventually results in the same poor share structure again!
In some VERY rare cases, share consolidations are very beneficial going forward IF the share consolidation was properly used and there isn’t much dilution going forward.
In ESGold’s case, I’m very confident that this is one of the VERY rare cases where it’s beneficial and shareholders that are patient will reap the rewards of a tighter share structure going forward.
The path to financial freedom is NOT easy. If attaining financial freedom was easy, everyone would be rich and there would be nothing special about attaining it. Proper due diligence/research, betting big on the right stocks and patience are key to attaining financial freedom!
Although due diligence is an ongoing thing, when there’s some doubt it’s crucial to spend the extra time on due diligence to ensure one properly evaluates the situation. There wrong decision can make the difference between attaining financial freedom and not attaining it.
I remain extremely confident that my investment thesis is correct on ESGold and it be life changing for me imo.
