Share
122 Posts.
lightbulb Created with Sketch. 41
clock Created with Sketch. 23/06/22
22:56
Share
Originally posted by Book keeper96:
↑
Initially would've thought the same thing. Company has said numerous times didn't want to use script etc.31.8m at say 90c is ~35m new shares. But then they need 31.8m more. If you say the 2H22 is net 0 profit (used cash to buy rest of taxbanter) then you've got net cash of 3.6m and an unused facility of 10m. So we need ~18.2m raised from equity. Let's say another ~20m shares. Total would be 10m net debt less the 8m they are acquiring and then roughly 92.6m shares out.
Expand
Not to mention this gives them a very strong market position as a leading non-aligned licensee network of advisers, a nice strong share of self-licensing along with their existing stellar position and business in taxbanter/knowledge shop.
