I like that word: "consolidate". In layman's terms it means reverse split, after diluting the stock to maximum capacity for funding.
I can see this being an option for them, if they were to actually merge CRQE with CE II LLC. But, how does that fare for the average investor here? What will the level of reverse split be? Will some of these investors with enough shares to almost have to "report", be left with a few thousand shares, while CRQE/CE II LLC leaders gift themselves millions of shares (after the reverse split of course).
So Option 1 is there is never a merger and CE II LLC private owners profit, while CRQE shareholders go into liquidation.
OR Option 2, where the shares are diluted up to the maximum (right now 900 Million), with a subsequent reverse split down to a nominal number for all investors -- then lastly, a merger with the gifting of 43 Million+ shares to each of the executives.
Neither scenario seems to work out for all the CRQE shareholders buying into this dream and funding this company right now.
