Ann: Notice of Extraordinary General Meeting/Proxy Form, page-52

The only reason you consolidate at higher multiples is so that they can further dilute your shares without you noticing too much. At this moment a 1 cent discount is already about 11% discount. At $11, you have more freedom to say take 50cents off. And people will be like yeah that sounds reasonable.... Coz all the sudden you feel rich coz your shares are worth $11... It's such a scam. This company consolidated before because it dwindled to cents. Went up to a dollar something and now it's only a couple of cents again... So my loss was 99% before consolidation and after consolidation my loss is 99.99999% and they will further consolidate and decline which will mean I will be at 99.99999999% loss. Maybe in ten years of multiple consolidation I will only have 1 share left worth 1cent.