Ann: Rent.com.au - RentBond Launch and January Traffic Increase, page-9

Not entirely because the anns states the issue of the 1.7m shares at .006c regardless of current SP.

This means the remaining current shares dilute into the new shares post consolidation and I would say the .006 will be used as the marker to get to 20c post consolidation.

I guess either view is more or less correct with the end result or question being what will be the consolidation % and what will be the resulting SP post consolidation.

As the majority of shares will be raised at .006c, to be 20c the resulting % of consolidation will be 33 - 40 x and would be around $12.6m, however this is not including (costs) and also one must be somewhat alerted to approx 20 million performance shares which is around 800 mill pre consolidation, albeit they have not been issued and may not be, and even when they are, it will only be to the benefit of the company as it has achieved some good goals going forward.

That being said, the perfomace shares could be as much as 30% of issued capital so could have quite a dilutive affect at some point in time.

It is all a bit meaningless at this point I guess, but I just may buy a few.

On the watchlist.