24,667,670 shares @ 20c = $4,933,534 for the acquisition. Add $200k loan, which no doubt gets extinguished when they make the acquisition and that's a cost of over $5m.
How do they end up with 63.77m shares post consolidation?
11.40m shares after consolidation of current holdings. 24.67m shares for the acquisition. 17.50m issued to raise capital @ 20c.
53.57m shares in total.
Don't tell me CPS get 10m free shares, or $2m equivalent to raise $3.5m? What ever happened to 6%?
There's also about a 10.2m option hole, so looks like CPS will be getting 10.2m FREE shares and options.
ROB Price at posting:
0.5¢ Sentiment: None Disclosure: Held
