Not sure I get your calculations here Shadyjames....
Star Bright is buying 60% of the new company for $18 million meaning the new company has an implied valuation of $30 million (10%=$3 million)
1% = $300 000
Admedus has 29.1% so 29.1 x 300 000 = $8 730 000
Ann: MOU signed for Admedus Vaccines, page-51
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