Hi Reiners Thanks for your model. Even assuming the rest of your...

Hi Reiners

Thanks for your model. Even assuming the rest of your model holds up there is no way new equity holders will subscribe for shares at $0.10 when the shares are currently trading for say $0.035. They will simply buy on market if they were inclined to invest in MMI. Any equity issue will have to be priced at a discount to market or at around $0.02 to reflect the significant dilution to existing shareholders.

To raise $30m some 1,500m new shares will have to be issued at around $0.02. Can you model what impact that has on any upside.