Hi all, first post woooo! With TWH shares at $0.012 currently...

Hi all, first post woooo!
With TWH shares at $0.012 currently and if they are consolidated with AusCann at a 1:20 ratio for shares worth $0.20 (as per the prospectus), that would mean I will essentially make a loss if I purchase TWH shares for anything above $0.01 if I understand this correctly.
That is, if I buy 100 shares of TWH @ $0.012 and then am given AusCann shares valued at $0.20 at a 20:1 ratio, I will have lost $20 effectively. Would that be correct?