Can't fault your logic however history shows relatively few success stories associated with "consolidations" aka "reverse split".

An alternate factor for consideration which also impacts KXL is that this week will see many large players pass their "30 day compulsory" trade exclusion due to tax loss selling. It is unlikely everyone waited until the 24th so each day from now until the end of the week sees many players able to once again participate.

I offer this in the context of the unusally large ASK numbers that have been associated with SGX. Last week was over 9 million in the .05 to .07 range. If that "cap" were to be removed coincidental with positive news release, things might look substantially different.

Whatever the scenario as 911 says "lets get on with it"

Onward and Upward