Using the projected $17.6m in revenue by june next year at P/S 13:1 would be a MC of $228m.
Using the projected $2.8m deficit in earnings, that could mean possibly another $5m cap raise along the way.
A half decent outcome would be if the shareprice can get back above 50c before another raise. That would add at least 10m more shares , for a shareprice of 75c
All of this seems entirely reasonable to me?
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