I would say 1/10 would be ok. Not keen on 1/100 as 8.34m shares on issue is not very much. 83.4m is low but not bad. That would mean the SP would be $0.45 rather than $0.045.
I would rather they look at a consolidation after signing a deal. But I don't think they will bother after that as they will most likely have cash and a partner. So I don't think a consolidation will happen this close to results.
FTT Price at posting:
4.5¢ Sentiment: Hold Disclosure: Held