9SP
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0.00% 0.4¢ 9 spokes international limited

Ann: Successful Placement and Issue of Shares, page-3

  1. WonderDog
    42 Posts.
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    03/08/22
    18:02
    Post #: 62905531
    I think that is pretty much correct @sideshow1.

    My logic goes like this...

    The shares on issue should look like this now.
    https://hotcopper.com.au/data/attachments/4561/4561283-934d3668e8d2332aeec350d01f486f1e.jpg
    Bank balance at end of June was roughly $2M.
    Add on the $1.1M making it roughly $3M.

    So after accounting for funds from today's capital raise the company is "worth" $5.6m (shares x price) less $3m cash or about $2.5M.
    9SP Price at posting: 0.4¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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