Do the maths huh! I cannot even find the announcement you refer to on 4 May, 2017. I only looked because of the SA attitude. Consolidation @ 30:1 @ .06, yes it does equal $1.80, how long did it stay at .06? How long after did it drop to .02? Why was the 7:1 renounceable rights offer a 1 - 2 months later at .02? Maybe you should look at the announcements.! The annys are below. I, like proteansucker have been in since seed capital days with Torre and John Ceccon.
Date (AEST) Subject Pages Save File
22 May 2017 09:42 ! The Right POWR Line Suspension 1
18 May 2017 08:51 Appendix 3B - Rights Issue 10
17 May 2017 18:10 Letter to Shareholders 1
17 May 2017 18:09 Letter to Ineligible Shareholders 1
17 May 2017 18:09 Letter to Option Holders 1
17 May 2017 18:04 ! Renounceable Rights Issue Prospectus 44
16 May 2017 18:01 Initial Director's Interest Notice 2
16 May 2017 17:57 Board Appointment 1
28 Apr 2017 17:58 ! Appendix 4C - quarterly
Date (AEST) Subject Pages Save File
21 Apr 2017 16:47 Change of Perth Address for Shareholder Purposes 4
20 Apr 2017 14:51 Consolidation Share Code - POWDA
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Two years ago POW was 32.4c ps !, page-7
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