Correct me if I'm wrong but if you were to buy MOO shares...

Correct me if I'm wrong but if you were to buy MOO shares currently even at 1c per share, after the consolidation of shares at 70:1 you would end up with significantly less capital.

So my understanding is that say I bought 10m shares at 4c today = $40,000. Then after consolidation at (70:1) my I would have 142,857 shares with a value of 10c/share = $14,285.

I hope I am wrong - can someone provide some clarity please.

Thanks.