MEM 0.00% 0.7¢ memphasys limited.

Can someone help me with my math please. :)Lets say you hold 5...

  1. 10,952 Posts.
    lightbulb Created with Sketch. 2080
    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? sneaky.png.

    I hope my maths is right?
 
watchlist Created with Sketch. Add MEM (ASX) to my watchlist
(20min delay)
Last
0.7¢
Change
0.000(0.00%)
Mkt cap ! $9.679M
Open High Low Value Volume
0.7¢ 0.7¢ 0.6¢ $3.482K 531.7K

Buyers (Bids)

No. Vol. Price($)
10 2963896 0.6¢
 

Sellers (Offers)

Price($) Vol. No.
0.7¢ 569603 2
View Market Depth
Last trade - 15.55pm 26/06/2024 (20 minute delay) ?
MEM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.