Ann: Non-Renounceable Issue Entitlement Offer Prospectus, page-4

Can someone help me with my math please.

Lets say you hold 5 million in your name and 3 million in the wife's name 8 million shares.

8,000,000/9= 888,888 x 2 = 1,777,777 shares can be bought at 1c so a cost of $17,777 plus one option.

So lets say within 6 months we hit 2 c, I can then exercise my option at 1 c. (888,888 shares) costing $8,888 so a total out of pocket expense of $26,665.

If someone was to then sell those shares at 2.5c (2,666,665 shares) $66,666 a profit of $40k? (plus still holding 8 million shares).

Seems like 2.5c is not that unrealistic if AI port and sales in Japan increase in the next 6 months? .

I hope my maths is right?