Initially I thought I might have got heavily burned on this...

Initially I thought I might have got heavily burned on this one... and then I thought about the terms it comes to

Assuming all SH take up the rights and SP stays at the close price today 0.005 (posted consol 0.75)

	Column 1	Column 2	Column 3	Column 4	Column 5
0			Weight	Post Consol cost price	Projected MC
1	Exising shares post consol[/B]	3,233,333.33	6.25%	0.75	2,425,000.00
2	News share post consol	48,500,000.00	93.75%	0.02	970,000.00
3	Total shares post consol	51,733,333.33	100.00%	0.065625	3,395,000.00

Now - Assuming all SH take up the rights and the marketing sees this project worth 10mil then 3 dollars per share post consol (equ. 0.02 at current price???)

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6
0			Weight	Post Consol price	Projected MC
1	Exising shares post consol	3,233,333.33	6.25%	3.00	9,700,000.00
2	News share post consol	48,500,000.00	93.75%	0.02	970,000.00	This part does not change
3	Total shares post consol	51,733,333.33	100.00%	0.20625	10,670,000.00

I've confused myself by my calc , so I'd be happy if someone can point out if theres anything wrong with the calc.