Ann: Reinstatement to Official Quotation - 17 October 2017, page-19

Yes, the previous shareholders were as good as wiped out, with 3.5 billion shares squashed down to 10 million 'new shares', and then 600m new shares issued for 1c each while another billion were given away for free. I think the definition of an optimist would have to be the poor deluded holders who have sell orders on the board from 25 - 40c. That's a MC of $408-654M! I think they failed to understand the game entirely. Still, 2c+ is way more than anyone who did understand what was going on expected, so it's not all bad. For myself a loss of 10,000% isn't as bad as the nearer 100,000% I was expecting, though a 1c in the $ return is still a major disaster in anyone's language.