That works out about right (the 1:5 SPP)
Currently we have 509 M shares
Add the Insto placement 80 M = 589 M
Proposed Entitlement Offer @ 1:5 = 118 M
Presentation stated hopefully $6 M raised
118 M @ 0.05 = $5.89 M which is close enough
AJQ Price at posting:
6.5¢ Sentiment: Buy Disclosure: Held