This from the chairman 2 weeks ago,
"The additional capital (from IPO) of around AU$18 million added to the AU$31.5 million raised in April 2014 and is a solid cash backing for the Company."
So we have say $49.5m in cash equivalents and say 145m shares issued = cash only price of say .341c
Given our managements value is zero and progress they made thus far also = 0, then why are now at .315c
Why indeed?
RA Capital's return, page-29
-
- There are more pages in this discussion • 39 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)