@tobiasroy and @JwpingridAny talk of share consolidation must...

@tobiasroy and @Jwpingrid

Any talk of share consolidation must have some caveats and preconditions attached, and that is that any conversion of debt to equity by directors and/or their related entities (such debt includes any outstanding fees, loans, and the like) MUST be converted PRIOR to any consolidation, and such conversion MUST not be at any discounted value but should be valued such as to consider the situation this BoDs have forced shareholders to enure as a consequence of their mishandling of the rights issue that has led to the suspension of trading and other investigations by ASX and/or ASIC. They would need to exercise caution here as any conversion could make them exposed to falling foul of the % trigger for control - however, to convert subsequent to a re-list and after a consolidation would unlikely be considered as acting in good faith in the best interests of shareholders.