10.24% of InovAero, great... What does the InovAero Balance...

10.24% of InovAero, great...

What does the InovAero Balance Sheet or Income Statement look like? On what basis have they valued InovAero and decided 10.24% is worth $1.55m? How does this help CFO remain a going concern other than $3m cap raise at massive dilution to keep CFOAM afloat (with no substantial sales record)? All seems a little desperate but I guess it keeps their fat salaries flowing for another 12 months while they work out the next spin story.

They claim the $3m raise is part of the requirement to purchase the $1.55m equity stake... investment opportunity mentioned first followed by the capital raise. I think it should be the other way around.

Long term holder, sitting on the value of a second hand taxi. Entered at $0.28