What happens if my stock does an 8:1 consolidation and I only have 2 shares?

Answer 1

8:1 implies a split, meaning 8 shares for every 1 share. A reverse split would be written 1:8. In reverse splits where the shareholder does not own the minimum amount of shares required to own at least one new share, they will buy out your position (with cash), thus cashing you out.

Answer 2

if you have 2 shares you end up with 16, but the value of each is devided by 8 as well so you have the same value just more shares

Answer 3

16 shares will be yours