dilution a factor.

Before ann MXR was trading around 30c....(closed high at 33 before trading halt, but had been around 30c give or take.)
100M shares.....so, market valued Co. at 30M

Now there will be a 1 for 2 adding 50M shares....
+ 1 for 5 oppies on top of that, adding another 30M.
(100+50=150/5=30.) 100+50+30.

So we are going from 100M shares to 180M in one hit....

The value of the Co. shouldn't have changed, but they now have 10M extra cash.

ie. Share price post issue should be current value of Co.(30M) plus 10M new cash, divided by new amount of shares...180M 30+10/180

40M/180M shares =22.22 cents per share.

Unless market revalues MXR in the interim, and no amount of recent news seems to have done this, is this not the price the shares should revert to after the new issue?

What will that make the MXRO worth with the clock ticking down to June 08?