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745 Posts.
59
27/03/14
16:52
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Hi Farmboy -
the way you should see is there will be 166M shares on issue.
Current Share price is 0.06c x 5.715 = 34.29c per share post consolidation.
This means the new value of the company is:
166M x 34.29c = $56.9M market cap for the post consolidation entity.
Buying in at these prices means you're buying Digital BTC for $56.9M.
Is this expensive? Well depends on how much revenues and profit that Digital BTC makes, and so we will find out in due time.
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