priority one, page-20

tas74t & toono

Not having a go, but just a little bit of basic maths on the speculation regarding the P1 valuation at $1 - $2

At 30c, was it not valued at around $330M ?

So at $1, you are valuing P1 at nearly $1Bn ?

And then at $2, you are valuing P1 at nearly $2Bn ?

If you honestly believe this, why are you not ringing P1 trying to get a final round of seed stock at a discount ? I believe some stock was recently sold privately at 10c.

An unlisted company, with zero revenue, next to no cash in bank until supposed underwriters kick in $15M and what assets does it currently have on the books to justify this ?

Also, is it not reasonable to assume that if there was a genuine upcoming listing, which genuinely was valued at between $330M - $2Bn, maybe more than just GCN would know about it ?

I can't remember the last IPO of $300M+ that was so kept under wraps.