wow, where are all the naysayers who said this could never happen. If memory serves me right this has been an ongoing issue for well over a year. Some posters who were discussing this were being maligned and in some cases they never showed up again after posting , one can only assume they were banned from posting because they were accused of bashing spider by even suggesting that a reverse could happen. How times have changed!!!. The writing has been on the wall for months, our family has a stake in spider, and the only hope we have is that a consolidation leaves us on an even financial keel.

I have been through this many times in the past and experience tells me that if management is recommending it they have done their homework and have the numbers, and it is a fait accomplis. Surfe we can all voice our opinion but I'd be willing to bet that if we all pulled our resources we probably wouldn't make much of a dent in the 300mill outstanding shares.

As I said before my family has a stake in what happens, we are supporters of NN and can only surmise he had to be concerned with the share value before taking this step. Lets hope that once this is done he doesn't put forward a private placement at a lower share value than the consolidated price. Does anyone know what happened to the five mill plus they were supposed to have in the bank.

GLTA

Joe