presentation confusion

  1. 8,801 Posts.
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    presentation figures are confusing
    Cash and market cap seem to get the SPP and Placement figures mixed up.

    Cash assumes only Cash on hand of $10m plus Placement of $11m - $21m

    Whereas Market Cap assumes SPP and Placement:
    ie pre-placement shares of 632m
    plus placement of 95m shares plus SPP of 95m shares (assumed) = 822m shares
    822 @ 11.5c = $95m.

    But if we add assumed placement of $11m is successful, and add to cash, we have $32m !!

 
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