equity raising, page-74

TC - you seem to have missed the fact that you now have rights to purchase shares at below market price. Your shareholding + rights is worth pretty much what it was pre announcement. At the risk of repeating myself:-

Shares on issue now - 76,123,000
Market Cap - 42,600,000
Share Price pre cap raising - 56c

Shares issued - 36,159,751
Cash raised - 12,655,913

Revised Market Cap - 55,255,913
Revised shares on issue - 112,282,751
Share Price after cap raising - 49c

This obviously doesn't include the value to the company of having $10m in the bank