The share plan is a disgrace/excessive as I said, but from this point on it would be a very hard task to get the SP to $0.017 (as you have suggested, i.e 1c rise).
The ORD share plan suggests a max of 105M shares in any one year.
Assuming $2M raised @$0.007 = 280M shares (could be more raised but this is just an example)
This means total shares on issue=955M [570M(current)+105M+280M]
At $0.017 (1c rise as you suggest) implies a MC of $16M vs current MC of 4M
From an NTA perspective LAOS would have to sell for around 16M to justify a $0.017sp.
VAN Price at posting:
0.7¢ Sentiment: None Disclosure: Not Held
