We warned people to sell after both consolidations and we were...

We warned people to sell after both consolidations and we were right. It initially traded at 15 cents after the first consolidation and then plummeted all the first day of trading . over time It went from 15 cents to one-tenth of a cent . After the second consolidation, we said sell on open again .
But the market was a wake-up this time, such was management's credibility. The shares should have opened at 5 cents . instead, they opened at 2 cents and slowly fell to two-tenths of a cent . These two consolidations combined represent about a 3750 times decline.
As stated previously they turned my $500 into 1.2 cents.
Looking at the debt-ridden, fleabag of a company, the family patronage has been exposed in detail. About two and a half years ago Companies and Securities Commission in Perth sent a 2-page questionnaire asking them for details about inter-family company business dealings & the company confirmed them. It you haven't read this correspondence it is suggested you read it.
If anyone wants a strategy to recover losses on this one, hold and hope they have secretly discovered Lasseter's gold reef because that's about the only thing that would save this situation.
The party that has just accumulated 5 percent is way down, so it is probably right that they are not working with them.
Why would you put another 2 cents into a company that has put their phone on message?
The cold hard facts are that they instituted two strategies to destroy the value of their shareholders, in order to allow the company to stagger on.