See below my calcs of the no. of shares issued / cash balance of KBL post the SPP Plan:
Current Shareholders - 5,363
Assuming 100% Takeup - $40m cash
Shares issued at 4c - 1.05B
Refund Paid - $8m
New Capital Structure:
Shares on Issue : 1.28B
Cash: $52m (5 cash on hand + 15m R&D + 32m SPP)
First priority once this is done has to be to Eliminate the $10m debt..
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