BPH 8.33% 2.2¢ bph energy ltd

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  1. 543 Posts.
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    Right, so lets look at the numbers
    215m shares issued at $0.0014 for a total of $300,000
    $90,000 was conversion of debts to directors as per prospectus
    $38,000 to expenses of the offer
    $102,000 going to Admin and working capital
    That is $230,000 accounted for which leaves what, about $70,000 in free cash for Advent and Cortical.

    Now 115m shares issued to contractors in lieu of fees at $0.001, even lower than the SPP. That has to be a positive doesn't it?
 
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