Sorry I made a mistake in previous post on mkt cap. Correct math is
After cap raising 1.2 bill shares @4 cents = $50 mill mkt cap
Shares hit 10 cents options exercised 1.7 bill
@10 cents = $170 mill. mkt cap.
The point of the calculations was: if the above happens they will be in good financial shape on any ratio without relying on cash generated from operations. The mkt. cap would still seem low if there was decent cash generated.
If Icy Doctor is correct on cash flow forecasts the mkt cap could be around $350-$400 mill. That would be a share price above 20 cents.
