IMHO I think you are right. Price post consolidation will settle somewhere around 20 cents or close to where the new shares are placed.
Based on that I think investors will value them around 3.5cents (20/5.71)at the moment.
I was a VIL holder so anything is better than where the price was earlier this year but still a long way to go to recover what I have lost.
Maybe one day???
I think post consolidation will be the time to buy up!