Well, it's not normally how it works. But in this case, it's...

Well, it's not normally how it works. But in this case, it's even worse than @Aldi99 calculated. The issue of 90 million new shares for $162k following the consolidation means that each post-consolidation share is worth $162/90000, which is $0.0018.

In Aldi99's scenario, your $10k would represent $0.025 x 400,000 shares. After consolidation, you would own 1,374 shares, which would amount to $2.47 at the new share issue price.

This table from page 13 of the notice of meeting tells the story: