EXL 103m shares @ 1.55 =$160m m/cap
Closest competitor
QBL is fully priced @ 5c
As I said,good for MCL.
Seed capital did well.
QBL m/cap 1.6b shares for 55% =$80
$80m /55% = $160m
Fully diluted 3.2b (including performance shares) x 5c =$160m
It was fully priced for the 5 cents.
That's why the lower prediction.
Still not very advanced.
Lots of work and cash burn.
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