Assuming they raise $5m mostly from QBL shareholders and valuation of MCL at IPO is $25m then QBL existing 55% ownership will drop to 44% or $11m of the MCL ipo valuation.
116,833,930 QBL unlisted 1.2c options expire soon 31/07/17 , pity they may likely go unexercised now that the price is at 1.3c
Valuation of QBL prior to MCL was 11m ( 1.4 billion shares at 0.8c) , add QBL investment in MCL and QBL valuation post ipo possibly comes to around $22m.
Canadian firm Hempco is valued at $16m so even me giving MCL a $25m valuation is absurd but we will see what comes out in the prospectus.
