Very, very poor to do have to do a 25% discount for such a small amount of capital. But equally ridiculous that the share price is trading there for such a small raising.
Here's how such a share capital raising should theoretically be valued, all things equal.
Value of company before raise? 117.268 million shares x $0.20 = $23.45 million market cap.
If that a fair valuation price for company....the addition of the cash raises the enterprise value of the company, but conversely the share issue diluted:
Post raise value = (117.268 million shares x $.20) + (6.667 million shares x $0.15) = $24.45 million value (based on prior close)
=> $24.45 million mkt cap / (117.268 + 6.667 million shares) = $0.197 share price vs $0.20 close allowing for increase in enterprise value and dilution effect.
Frankly anyone who didn't sell at $0.20 before this raise, but feels it is a sell <$0.197, without even considering the extra value the cash allows the company to potentially generate, is frankly mathematically inept (options a far smaller mathematical consideration, that I won't complicate the math with).
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Very, very poor to do have to do a 25% discount for such a small...
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Last
4.5¢ |
Change
0.003(7.14%) |
Mkt cap ! $5.199M |
Open | High | Low | Value | Volume |
4.3¢ | 4.5¢ | 4.2¢ | $7.757K | 174.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 71267 | 4.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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4.5¢ | 42913 | 3 |
View Market Depth
No. | Vol. | Price($) |
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2 | 42363 | 0.043 |
5 | 701947 | 0.042 |
1 | 243902 | 0.041 |
4 | 87500 | 0.040 |
1 | 100000 | 0.039 |
Price($) | Vol. | No. |
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0.045 | 27988 | 2 |
0.047 | 206436 | 1 |
0.051 | 15000 | 1 |
0.054 | 58445 | 2 |
0.055 | 316900 | 2 |
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