Sorry Dewe - I think your calcs may be out. The way I see it is that the price needs to be multiplied by 67 (not divided). If today you have 67 shares at 2.4c each (yesterday's close), then the 1 share that you will have after consolidation will be worth the same i.e 67 x 2.4c = $1.60.
I am not an adviser or even an experienced trader, so this is not advice. Please DYOR and GLTAH.