Suzygs,
you are counting the shares they already owned in your calculation. They purchased 112,500,000 shares at $0.20 totaling $22.5m for the placement.
Price at the time of posting was $0.075 per share.
$0.20-$0.075 = $0.125 per share loss or 63% of the placement price.
If you count the shares they purchased before the placement, then the loss is greater than 63%.
Banter and General Comments, page-8075
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