The key difference comes from who can actually invest in the...

The key difference comes from who can actually invest in the stock when it is at a higher shareprice.

A lot of funding entities are not allowed to take up stock positions in shares that trade for cents or pennies. But consolidating the shares and in hand increasing the perceived share price increases the attractiveness and allows for more sophisticated investment and fund management groups to get involved.

This is particularly so if the share price is above $1.
So if VML can hold off consolidating until the current shares are worth more than 10cents and they consolidate 10:1, then you as an individual holder will have less shares but each share is worth more. BUT even more importantly the consolidation and new share price opens the access gates and ticks the boxes for larger fund capital groups to get involved and add VML to their portfolios.

Various investment groups require various market listed company "check boxes". For some its market cap, some its share price, some its revenue and profit and some its a combination of all and then some.

Consolidation is very important when understood by the right management and played at the right time.