fantastic news!!!! This is a cut and paste of a post by...

fantastic news!!!! This is a cut and paste of a post by polyphemus at SS forum. This guy really knows his stuff and is in nooooo way a ramper....please read and digest. I am much much happier now this has been posted.


Fantastic News - the way it should have been done in the first place.
Lets look at the math and I will be conservative.

Previously
1 /2 Yr figures has NTA at 11c
Remove the $4m in intangible assets and the correct figure is 10.3m /128m share = 8c per share
Share Price has been running at multiples of 8-10 versus assets.

Now
A conservative issue ar 50c AUD to raise $37m AUD needs 74million shares.
New shares on Issue 202 million New Tangible Assets $37m AUD + Existing $8m or $45m AUD

Now applying the same price to asset model that EPT has been running at say 8:1
8*45m = $360m valuation devide the number of shares 202 and you get a share price of $1.78

Now I was told the issue was in May - so a $1 rise in price is pretty good.

Move on 3 years. Sales of 4billion with a 50% cut not the 5-10% a pharma would offer. Earnings of $2billion AUD. Minus tax avg Aust coy tax paid is 27% = 1.5Billion AUD
Pay 60% or 900million in dividend = $4.45 fully franked Use a 5% yield market average so multiply your $4.45*20 = $89 AUD - now these figures are conservative and it all starts with an issue to raise money and phase 3 trials being dine in Europe. We can sell to the americans over the internet as the topical formulation may work.