I noticed this as well and gave Mark a call, I advised him it appears they issued the STI not taking into account the recent consolidation.
He said they are going to investigate the price calculation and revert. Like you, I will be very upset if they have issued this as an incentive for under performance at 10 cents after a consolidation of 20/1. It's simply disregarding all shareholders who have backed the company too date and unjustly taking advantage of us for personal gain of management.
A lot of the shares are held by funds now, but if there are any retails holders interested in creating a batched interest group we should rally votes to stop such ludicrous incentives. But here is hoping it was a simple error in calculation.
E88 Price at posting:
$1.70 Sentiment: Hold Disclosure: Held