proposed consolidation of shares, page-5

what you are failing to see is that the conversion of the convertible notes into a 75% holding of shares has already wiped 3/4 of your holding in the first place.

This is why the shares are for sale at .001, but even at that price they are probably significantly overvalued and therefore not tradeable.

Hence the need for a consolidation. At 50:1 that would indicate a price of 5 cents, but I suspect they will trade much lower than that to reflect the 75% dilution from the conversion.

This company really only has one asset and the development of that fell over when the Viking deal failed.

Given the upsurge in oil prices recently and it may be possible to get someone to farm in to the development, or one of the other players may seek to buy KIK out, or even take them over to get IMC a stake of shares in a bigger player.