If the shares are consolidated, then I would wait until most of...

If the shares are consolidated, then I would wait until most of the life is crushed out of the new share price.

step 1: shares consolidated at 100:1. Thus 100 shares at 0.003 equals one new share at 30 cents.

step 2: wait for the 30 cent share to be gradually crushed over the space of 12 months, until it reaches 2 cents.

step 3: now the price is starting to look mildly attractive. Load up NOW if you would like a wild punt.

But until these events have transpired, there is too much risk in buying this share.