this is BS !!!effectively existing holders are getting 30c in...

this is BS !!!
effectively existing holders are getting 30c in the dollar for their current investment ...and then being further diluted with the issue to Amplify

The consolidation itself isnt the issue, its the valuation given to the existing CWL business.
Basically the current MC is 4.65m but the valuation used in this consol puts CWL at $1.5m

Current: 125,827,798 SOI @ 3.7c = 4.65m MC

Consol: 7,500,394 SOI @ 20c = 1.5m MC

to maintain the current MC, the post consol share price should be 62c. There giving us 30% of the current MC

Consol + $6m cap raise: 37,500,394 SOI @ 20c = 7.5m (6m cap raise + 1.5m original business )

final structure 72,500,394 SOI @ 20c = 14.5m
so existing CWL will account for 10% of the final business

talk about getting shafted !