QXL

Moniwatcher,
Your statement "todays RNS proves that the company is not going under in the short to medium term." seems to be reading too much into the RNS. It is not an expression of confidence in anything - in fact it suggests that the company expects the price to remain at these depressed levels for quite a while.

IF QXL had not consolidated its shares in the USA, they would have been booted out of the Nasdaq, causing further pressure on the share price here. QXL simply had no other choice.