outcome of creditors meeting, page-17

Intel,

Yes you are correct $0.001 is the lowest any stock can trade on ASX, therefore your 2m shares are worth $2,000. This is what they were trading at prior to administration, so you are no worse off. The confusion as to dilution is based on the % of the company that those 2m shares equates to before and after the conversion of the notes.

The other calculation you have done is based on a consolidation of shares where at a 10 to one consolidation you then have 200,000 shares. The theory is that the share price also goes up from $0.001 to $0.01 so the consolidated shares are worth the same. However, that is the theory and does not equate to reality in most cases. Even on a consolidation your % of ownership remains the same. It just means that there are less shares on issue.

Are you concerned more about the SP or the % of the Company you own? I would have thought owning any % of the Company as a going concern and having stock that is liquid is the return you are looking for.