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
5.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.645M |
Open | High | Low | Value | Volume |
5.9¢ | 5.9¢ | 5.7¢ | $14.46K | 251.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 17543 | 5.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.0¢ | 52358 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 17543 | 0.057 |
4 | 492690 | 0.056 |
6 | 226362 | 0.055 |
2 | 212000 | 0.054 |
1 | 14000 | 0.053 |
Price($) | Vol. | No. |
---|---|---|
0.060 | 52358 | 1 |
0.061 | 18378 | 1 |
0.062 | 12924 | 1 |
0.063 | 12000 | 1 |
0.064 | 16666 | 1 |
Last trade - 15.14pm 28/06/2024 (20 minute delay) ? |
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