just found out from company listing did occur.
Last price was E 2.05.
E2.05 * 11.14m share = E22.83m market cap for HC berlin Pharma
E22.83m * 40% (which is EMS's approx stake inclusive of all subsidiary holdings) is 9.1m
E9.1m / 0.52 (euro/$a) gives EMS value of A$17.5m
$17.5m/200m shares on issue (not diluted for options)is 8.78c
Therefore theorectical EMS vlaue is 12.5c (current)+approx 8.5c = 21c.
cofident Berlin pharma (HCS) will go much higher) on release of more info
quick calcs: ems holdings of hc berlin pharma, page-2
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