Takes into account the effect of share dilution from the August & Nov 2009 Cap Raising & SPP at $0.27 prior to the 1:10 consolidation.
Easier way to look at it is $0.60 (or $6.00) restores Mkt Cap back to float level - where did the difference between now and then go? Into the pockets of the greedy pricks from Macquarie Bank who stripped the cash on float and replaced it with debt,almost killing it in the process. And guess who was one of the lead advisors on the Aug 2009 & Nov 2009 raisings? You guessed it. Snouts in the trough Investment W ankers
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- finally cleared $0.41c
Takes into account the effect of share dilution from the August...
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