General Chat, page-7563

If you invest in the ADSs in this offering, your ownership interest will be immediately diluted to the extent of the difference between the initial public offering price per ADS and the as adjusted net tangible book value per ordinary share or ADS immediately after this offering.

As of December 31, 2023, our historical net tangible book value was A$102,749,183 (or US$70,280,360), or A$0.49 (or US$0.33) per share based upon 210,889,961 shares of our common stock outstanding as of that date. Historical net tangible book value per share represents our total tangible assets less total liabilities, divided by the number of ordinary shares outstanding as of December 31, 2023.

How does everyone read into the above?

I read it as the offering will be above A$0.50