Wow! What a great deal for share holders of IGS. (If you like...

Wow!
What a great deal for share holders of IGS. (If you like being diluted to death)

IGS has completed a short term (6 month) funding facility of AUD$500,000 to fund currently working capital and the deposit. The facility is convertible in to IGS Shares and Options at $0.0025 (with a 1 for 2 $0.0025, 2 year option) subject to all necessary regulatory and shareholder approvals being obtained

$200,000,000 shares and 100,000,000 options.

subject to the satisfaction (or waiver) of the Conditions Precedent, the consideration for the acquisition of an 85% interest in the issued capital of Winter Garden (Jardin De Invierno SA) shall be the issue of 1,500,000,000 fully paid ordinary shares in the capital of IGS (Consideration Shares) at a deemed pre-consolidation issue price of $0.005 per Share to be issued to the Winter Garden vendors. At all times the Consideration Shares will represent a minimum of 50% of the total enlarged capital structure of the Purchaser post Completion and will be adjusted accordingly

And there is your manufactured .005c pre share price

Completion of the acquisition is conditional upon the satisfaction (or waiver) of the following conditions precedent within the 90 day exclusive option period

IGS raising a minimum of $1,000,000 (or such other amount as required to meet the assets test and re-admission criteria of the ASX), through the issue of IGS Shares at a price to be determined by IGS and Winter Garden (Capital Raising)

IGS conducting a share consolidation in accordance with the Corporations Act 2001. at a ratio the Parties consider reasonably necessary to allow IGS to successfully complete the Capital Raising and ASX Re-Admission criteria

Oh dear.
Not something you would want to buy until at least after this planned consolidation. In fact you would be nuts too given all the planned dilution.

I would say that these new "con" men. Would be in a big harry to sell before the consol. Reset with cheaper shares on the other end.

A major effect of these consolidations is to reduce the voting power of current holders. Handing voting power and the company to others.

Over at ARK. (Okap) They consolidated in Dec 2014 5:1. Still not trading as they still have not complied with listing rules 1-2. Dropped gold mining for a new copper treasure map

CTR. (Okap) 100:1 consolidation. (Not a mistake) Oil Well half way through testing stopped all together.
A new project. Junk from PL's old  RRS. No date on when that will trade again.

Now IGS.

Some may say a pattern.