Their is no doubt the original consolidation attempt was with...

Their is no doubt the original consolidation attempt was with the intention of sourcing line of equity style funding. Whether is was at the request of LJ or just in anticipation. Who knows.

To be honest, consolidations don't work. But I reckon INT might have done better. The lack of volume and the percentage spread between BUY/SELL has been very damaging.

If we were say 40c and LJ got 15% discount. That's 34c. They then sell anywhere between 34-40c and scalp the difference. We'll never know. But it may have fallen slower.

Instead when sp was 0.2, LJ pay 0.17 and need to sell for 0.2 to profit. They fill that line. Other holders needing to exit then need to come in over the top at 0.1c to exit. So we fall quick.

From 0.2 to 0.1 is 50% fall.

From 40c to 20c is 50% fall. No way it would have happened so fast. May still have eventually. But if you get LJ trying to dump at say 34c (break even) and someone else needs to exit first, then they only have to trump LJ by a few cents.

Would have been easier to manipulate and create volume and dump into. LJ can make money from a falling sp because they keep getting issued shares at cheaper and cheaper sp. But their intention is always to profit on individual parcels. So if they got shares at 34c they would have endeavoured to sell at 35c +

You see this with BNE. LJ manage to create volume and pumps. Then they sell out. The sp isn't going up LT but it aint going down like INT did. Now we got nowhere to go.