Ann: Consolidation/Split - EMU, page-9

Well actually the number of shares you had before the consolidation will be divided by 30,
And the price of the shares should multiply by 30 from 0.01 to 0.30....

Although that is overly simplistic,
They will trade at whatever the market decides
And already are on a deferred settlement basis.

Anyhow regarding your statement:
"The board reckons they cannot attract investors at 0.01c, I cry bullsh*t"

It sort of makes sense being difficult to attract investors at that price,
As one cannot easily offer a discount to entice new holders or sophisticated investors,
And any movement in price is doubling the SP.
So people may not be able to justify buying in at double the last traded price.