So for every 5 shares you own , it will get consolidated to 1 share.
SP will go to about 2.5 cents.
But as quartzhands points out there's a boatload of new shares and options being issued , so we are being diluted massively.
There's currently 1.2billion shares on issue, this will come down to 237 million due to the consolidation.
But there's nearly 600 million new shares and options being issued which means we will then have 837million shares outstanding.
Page 8 from this link has the details
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02454585-6A1063671?access_token=83ff96335c2d45a094df02a206a39ff4
So for every 5 shares you own , it will get consolidated to 1...
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