Consolidation ratio should be based on FACT i.e., 0.200/0.010 = 20
It can not be altered from 20:1 to 35:1. This was an arbitrary decision. If gridcomm wants the consolidation ratio 35:1, to be fair to investors, they should mention it in the share sale agreement announced on 18th March 2016. If ODN and gridComm did not mention it in the share sale agreement on 18th March 2016, the consolidation ratio should be based on latest market price before voluntary suspension i.e., 20:1 instead of 35:1.
ODN Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held