prospectus out - cr of $0.20 per share, page-3

These are my simple calculations. Please correct me if I am wrong.

Say you bought in at $0.04 and purchased a small bundle ($1000 worth) just for fun.
Before consolidation you would have owned 25000 units.
After consolidation (1:25) you now own 1000 units.

1000 x 0.20 (issue price) = $200

Therefore original investors who bought in around the 4 cent mark stand to loss ~4/5.

Bit a raw deal in my opinion. I suppose it is this or nothing!