BRO
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0.00% 0.2¢ broad investments limited

Market cap post new acquisition

  1. Astronomer
    334 Posts.
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    03/03/15
    12:21
    Post #: 14850992
    Last App3B I could find was Feb 13 showing 853 m fpo plus 168m convertibles

    Will now be issuing 574 m to acquire the new businesses

    Plus doing a placement of 202m @ 0.001 to redeem the convertible notes

    So MC will be 1629 m shares times $0.004 (the current price) equals $6.5m

    I'll let others work out what market cap would be justified assuming the deal proceeds

    Cheers
    BRO Price at posting: 0.4¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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