These are my simple calculations. Please correct me if I am...

  1. 108 Posts.
    These are my simple calculations. Please correct me if I am wrong.

    Say you bought in at $0.04 and purchased a small bundle ($1000 worth) just for fun.
    Before consolidation you would have owned 25000 units.
    After consolidation (1:25) you now own 1000 units.

    1000 x 0.20 (issue price) = $200

    Therefore original investors who bought in around the 4 cent mark stand to loss ~4/5.

    Bit a raw deal in my opinion. I suppose it is this or nothing!

 
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