Nothing weird about it at all.
Demonstrates to me perhaps your lack of experience or exposure to such capital restructuring mechanisms. Private and Stockmarket Listed Companies do this all the time.
It just requires some basic comprehension.
IN SIMPLE TERMS
BEFORE CONSOLIDATION
You have 100 notes and each is worth $1 in your pocket.
You therefor have $100 in Value in your pocket.
AFTER CONSOLIDATION of 1 for 10
You would have 10 notes and each would be now worth $10.
You still have $100 in Value in your pocket.
The value of LUNC is dictated by the Market Cap.
Market Cap divide by Total Supply of LUNC equals PRICE per LUNC
After the Consolidation, the Value in the Market Cap will likely increase with such a drastic supply reduction.
OTHERWISE THERE IS NO POINT IN REDUCING SUPPLY!
This Consolidation WILL Burn / Remove 6 Trillion LUNC from current supply INSTANTLY.
No one is disadvantaged and no one gains an advantage - MUCH FAIRER OUTCOME
Reaches all Holders including the Whales.