options post (after) consolidation

If consolidation goes ahead the .010 options become .30 options
( 1c options become 30c options ) and the number of options also reduced 1:30, so someone who currently has 30,000 options at .010 will then have 1,000 options at .30

And as a further example someone currently holding 300,000 shares will then hold 10,000 shares and under the loyalty options issue ( 1 for 2) will be entitled to 5000 options at .001

Perhaps Bungy or someone with a good understanding could confirm if this is correct. Just trying to clarify so everyone fully understands.