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Hey Uboy - just a quick correction re this comment you...

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    Hey Uboy - just a quick correction re this comment you made.
    Ridiculous market cap at the moment.

    After the raise it will be EV of $15.

    For an asset that has multiple, compelling P2 results - MS and DMD.

    Back up the truck.

    ------------------------------------------

    Shareholder dilution is happening but the company's value won't be $15m. The company will still be valued at the same-ish price after the raise.

    Shares available prior to raise 669.3 million x 5.4 cents (= $36.81m value today)

    THEN we add:
    Capital raise 167 million shares = $8.35m more cash in the bank
    SPP 30 million shares = $1.5m more cash in the bank

    Total shares available after 866.3 x 5 cents = $43,331,500 value
    Total shares available after 866.3 x 5.4 cents (today's price) = $46.78m value

    The dilution effects our end payday as well as the payout is distributed to more. Similar to when I win Powerball - hopefully I will be the sole winner instead of being one of several division one winners.
    Last edited by Atomboi: 21/07/23
 
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