MJP 0.00% 0.8¢ martin aircraft company limited

might worth punt now, page-6

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    "Roughly 16 million shares are distributed in the company, most recently distributed at $NZ3 per unit, giving the enterprise an approximate valuation of $NZ48 million." Can anyone explain this?
    Does this mean they last raised capital in nz @$3nz per share??

    Thanks in adv.
 
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Currently unlisted public company.

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