$9m cash
+$5.7m to come from conversion of options
plus $1.3m from sale of assets
= $16m cash
minus $2m for acquisition of JCT
=$14m cash
But really - porting and integration of XPE's products onto 2 US listed chip manufacturers product lines which once successfully completed expected to lead to commercial agreements = $???????? (HUGE)
$9m cash +$5.7m to come from conversion of options plus $1.3m...
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