I too hope these numbers are incorrect? the way I read it all...

I too hope these numbers are incorrect? the way I read it all current shareholders will be reduced to 20,000,000 shares and the raise will be post consolidation selling 80,000,000 meaning it will effectively reduce the worth of current shares to 1/5th of effective value. Another way of looking at it is if they did the capital raise before the consolidation they would be issuing 4 x the amount of shares currently on issue about 5 billion ! This also means current shares are basically worthless at .001c as you're effectively paying 6c.

I sincerely hope this announcement is full of typo's