Andrea,
You kind of answered your own question. When major players and funds buy shares they dont buy 1000. They buy by the hundreds of thousands and millions. So if liquidity is buying or selling shares without moving the price to much, then after consolidation we would be less liquid. When you have on 40 million shares and a funds wants to buy or sell a million that will have a major impact on the price, vs having 200 millions shares and doing the same.think back to pellegrino days when this stock traded millionsbof shares an hour and the kind of move it caused, back then we had 80 million share OS, having half that and in strong hands who say they are holding for the end game means thatbuying and selling will be more difficult and have a greater impact on price. Hence less liquid
Bcd