Yeah I calculated it via market cap as well… however there are 29 million shares involved in the placement. These extra shares do not create value for the shareholders… ie u and I didn’t get the additional benefit of being able to purchase our proportion of the 29 million shares at $.53 (for example capital raising may have been 2.2 per 5 (estimate) shares to raise the full 75 million giving u and I a little extra in our pocket).
That’s why I used the share price and the percentage increase, due to results, in our pockets… as that’s what matters to me and most at the end of the day.
However the market cap exercise shows just how much the capital raising and placement have muddied the waters.
And yeah I cannot factor in how much of the results were already priced in prior to announcement, any attempt to do so would be arbitrary.
AVX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
