RE:ConsolidationIt is pretty obvious if all or a majority of the rights are exercised, that there will be the consolidation of shares afterwards. The number of shares could actually be reduced fairly substantially if the rights offering is not fully subscribed, but a majority is needed to carry the consolidation vote forward. They may not get the whole funds, but the float could be substantially lower than 322 million shares. Example, say 60 per cent of the rights are subscribed. 322 million shares outstanding plus 193 million rights = 515 million shares divided 2 = 257 million shares outstanding and a raise of 2.9 million dollars. So they raise almost 3 million dollars. Then announce news on several fronts, and the price goes up. If really positive news they have over 60 million shares to work with in a pp etc to get up to the present 322 million float ( And possibly raise more money with less shares at a much higher price). Been interesting to see how many shares are being bought at 3.5 to 4 cents presently. A long way to go, and even though some are selling for a variety of reasons, and maybe just keeping their rights, there is certainly someone scooping up a lot of shares at 4 cents. At least this is the way I grasp this whole situation. In the end, there could be a shareholder that has a fairly large position in the company. Certainly everyone has a different take on the situation. imho