@1sharetrader1, Yes those would be the fully diluted numbers, although you're probably looking at Q4 or later before any of the milestones are achieved.
So you could say for now A$20M, for every 1 cent in the share price post acquisition.
The re-listing isn't planned until June, a lot of new developments could come out before then while it goes through the re-listing process & if you don't own the stock before trading is halted, the next time you'd be able to invest would be on the re-listing which could occur at a significant premium to the last traded price (that's the risk people have to decide on).
There are hardly any tech company's out there making money from the off. Most require significant investment to gain traction in there market places, or build there product. Syntonic is clearly different as its going to be able to carryout its development with the funds already in PSF (A$2.5M) & from its current & future cashflow.
I accept its hard to value currently as no-one has seen the forward projections, until the prospectus is released.
However the remove of A$10M in required funding in just 7 weeks (A$7M CR & A$3M options) shows that there must be significant income growth there (& in my view reduced working capital requirements) going forward.
Given that they will need to show the business passes the "going concern" test for the next 12 months on the data submitted as part of the re-listing process (without requiring any additional funds to the funds it already has at the time of the re-listing).
Bearing the above 2 points in mind, if the shares were re-listed at the current share price the company would be valued at A$62M. A$10M (is all that is visible at the moment & more is likely to come, but can't be included until deals are signed etc).
Would put the company on a very low P/E for being in a very high growth market would it not?
LOTM