Hi garrydonna.
you keep them until consolidation so you get 1 new share for existing 30 shares, meaning if you hold 300,000 shares now you will end up with 10,000 only. But in principle the shares should trade 30 times higher meaning should be 3 cents after consolidation but that rarely happens and generally the shares fall back.
Hope that helps
Ann: Placement and Fully Underwritten Rights Issue, page-33
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