A consolidation is a reduction of the shares on issue, so for...

A consolidation is a reduction of the shares on issue, so for example if IBN has 1 billion shares and do a consol of say 1:10 was performed then there would be 1,000,000 (1 million) shares on issue and price of the stock would then multiply by 10 to 2 cents per share.

That also means that if you had say for example 1 million shares then that would be reduced to 100 thousand shares at a price of 2 cents but, of course your $ value is still the same.

1,000,000 @ 0.002 = $2,000
100,000 @ 0.020 = $2,000

Same value but with a lower amount of shares on issue.