@moesoeloe yep they did, 2:1, I think its actually confusing the market as this was trading comfortably at these prices (2 to 4 cents range) well before consolidation, many would think it just never consolidated...
also...
consideration shares are only about $6.6m to the vendor
being escrowed for 6-24 months voluntarily..
company has $7m in cash and trading at an undiluted MC of $7m , so pretty ridiculously cheap if you ask me
right before the placement, when all info was out there, and they had yet to confirm that the deal is a 100% go ahead, markets were in bear territory and the price closed at 1.9c
that would be worth 3.8c in today's post consolidation price
The $5m placement to instos and sophis was at 3.2c post consolidation (23% premium to the current price on market)
