Really depends on the agreed value of gridComm capital more...

Really depends on the agreed value of gridComm capital

more numbers

a clean shell must be worth minimum $7m (= recent shares issue .012c x 562m)
a shell with a sealed deal possibly elavated to 0.02 makes ODN post deal = $11m (SP 0.019)
in which case
a 10:1 consol would mean 169:56 = $33m:$11m gives newly listed GRD mc $44m
(230m shares post consol SP 19c)

previous back of envelope

if on relist 100% GRD is valued by market as worth $25m
gridComm 169m shares not incl performance

ODN 562m
5:1 consol =169:112 = ODN 66% $25m = $16.5 m if reflected in current SP = .029
10:1 consol = 169:56 = ODN 33% $25m = 8.25m if reflected in current SP = .0146

or

if on relist 100% GRD is valued by market as worth $50m based on a 5:1 ebit of projected $10m annual income
gridComm 169m shares not incl performance

ODN 562m
5:1 consol =169:112 = ODN 66% $50m = $33 m if reflected in current SP = .058
10:1 consol = 169:56 = ODN 33% $50m = $16.5m if reflected in current SP = .029