Time to point out again that the reason equity consolidations (aka RS) are typically negative for the price of an equity is that by far the most frequesnt use of the cosnolidation is in order to maintain a listing when a company is in a mess. That is not the case here.

Rainer is quite correct about the mathematical impact - there is none. The impact is all psychological - there is obviously no effect on the news about to be released or what the ultimate value of the company will be. Shorts will broadcast the research that shows that consolidations are bad because it suits their interest. Many companies that issued equity at the peak of the Nasdaq bubble had to consolidate their stock at one point or another because the initial valuation on the company was too high. Many have subsequently grown into those valuations.

The question to ask yourself is whether the current market capitalisation represents an appropriate valuation for the company. For the answer to that question, I direct everyone to the Pellegrino report dated August of 2014. That report suggest that with a 90% confidence level the minimum valuation is over $850 mln USD. I am not sure the current diluted share count but I can tell you that at $1.50 CAD you are nowhere near (in fact I am pretty sure you are less than half that number)

All good will flow in time. Everyone have an adult beverage of their choosing and relax over the weekend (unless of course there is news this morning...).