Ann: EGM Notice of Meeting to Approve Dual Listing to Nasdaq, page-26

Has anyone confirmed (perhaps there's no need to), that the 4,000,000 shares are "consolidated shares"? I read somewhere that announcements like this need to be in context of the current environment, not the proposed.
While they talk about this happening after consolidation, does the 4,000,000 shares issued get consolidated on consolidation date also and become on 26,666 shares. The SP's they use in their example are certainly not post consolidation.
Are they chasing $51M if funds or $340k)based on current SP.
Seems likely the latter given they burn about $10M p.a. and are likely to give away 20% value in the IPO bring it down to $40M. Still $40M would allow them to increase costs by 50% and continue to operate for without additional revenue for an another three to four years.