If it's a 4 to one consolidation... then why in your little...

If it's a 4 to one consolidation... then why in your little scenario does the sk price not get increased 4 fold aswell.... they imo came up with that price of 12 cents so auz could get the 80million. I believe this to be a 10% deposit almost to help auz get the finance.... I believe somewhere around 800million for bfs.
So what you have failed to do is make the SK buy in at 48cents. Which sounds like a lot but is the same as before consoles at 100% premium. Same as your idea before and after consolidation. Same money same percentage wouldn't bother me really.
Imo sk dont car about the price of the shares they purchase that number was just agreed apon because it came up with the figure for the 80 million needed.

Biggest point I disagree with you is that it will be 6 cents at time of buy in, if it happens. If so are buying in it means there has been a favourable bfs and if this is the case I dont believe there will be a shareprice any lower than the 8 to 9 cent range. Which makes it after your consolidation closer to the 36cent