I just used the details from the article , see below. Agree should be less than considering the purchase, would need to fact check this tho, convertible notes and previous cash at bank taken into account.
Suffice to say, Novatti’s progress hasn’t exactly been linear since the company listed on the ASX at 20c per share. But the shares have doubled over the last 12 months, valuing the entity at a still-modest $150 million (including circa $48m of cash and the $20m value of the Reckon stake
Novatti - The $1 party, page-1110
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