Ann: MYX signs license agreement for novel oral contraceptive, page-9

This is a very interesting deal. 4.95pct(78.4mil) of Shares will be issued when deal is closed. That is worth 41.5mil aud at today's share price. Plus 8.75mil USD upfront. So upfront payment is 55mil aud.

Another 4. 65pct when fda approved is 77.2m shares (if no further dilution). This is worth 41mil aud. Plus the cash payment of 11mil USD, will be total of 57.5mil aud.

So, all in all will be 112.5m aud in today's terms. My question is: where does 295mil USD number come from? This is 440mil aud, so, 4 times the number that I calculated..

Something wrong with my numbers? Or they're assuming myx share price at $2?! Would be good if that happens! =P