An interesting analysis.
(Note: This does not take into account options)
Current Issued Shares 436,859,655 @ $0.115 = $50,238,860.33 Market Cap
With addition of new shares 436,859,655 + 76,268,355 @ $0.115 = $59,009,721.15 New Market Cap
Current Cash holdings of $4,061,000
New Cash Holdings will be $14,061.00
Hence
Current MC:Cash Ratio = $50,238,860.33/$4,061,000 = 12.37105647
Current MC:Cash Ratio = $59,009,721.15/$14,061,000 = 4.196694485
Basically we were trading at a multiple of 12.4 x Cash on hand and now we will only be trading at a multiple of 4.2 x Cash on Hand.
Hence is a much stringer position and shows that $0.115 represents great buying IMO.
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Last
11.0¢ |
Change
-0.005(4.35%) |
Mkt cap ! $57.00M |
Open | High | Low | Value | Volume |
11.5¢ | 12.0¢ | 11.0¢ | $195.9K | 1.681M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 1021491 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.0¢ | 105000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 1021491 | 0.110 |
6 | 591500 | 0.105 |
9 | 1698061 | 0.100 |
1 | 200000 | 0.095 |
2 | 39000 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 105000 | 2 |
0.125 | 377236 | 7 |
0.130 | 741334 | 5 |
0.135 | 422095 | 7 |
0.140 | 962469 | 8 |
Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
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