Ann: Investor Presentation - Winx-1, page-68

Midnight consolidation works simply as this say we have 6 billion shares in 88e register SP is 0.02c leaves M/C of $120 million.

Company consolidates says 20:1 costs nothing just a vote and admin cost. Company pays nothing to holders ok.

So company now have 300 million shares on register, SP increases also by 20:1 which is 0.4c and M/C still same at $120 million.

Note say you have 600000 shares your holding goes down to holding only 30000 shares after the 20:1 consol ok.

But a penny stock like us now can fall big time on bad news and no news especially if have to cap raise and drill 1 yearly well if no farmin happens. This would be a 100% failure of us. In 1yr our SP could be back at 2c. Huge loss if kept holding.

But well goes good farmin happens then cap raise unlikely as they will use farmin money but lose say 60% of oil found etc. but could drill 4 wells easily in next 12-18 months so this is the only time a consol can have any chance of working but most of these 4 wells need positive momentum and results. Hope this helps. All the best.