This is getting scary.  Six old shares for one new one might soon only leave investors with 6 cents.

Negative results have beaten this stock down, and news of a consolidation awaiting TSX approval is driving this closer and closer to a penny.

I've owned IB in the past, and had this on my watch list today.  I for one am happy I saw the news release, before buying.  

What are everyone's thoughts on this news?