PeopleJust a thought to ponder10,000,000 shares are issued today...

People


Just a thought to ponder

10,000,000 shares are issued today to the Seven Network at 27.5c (VWAP)

ok that is fine

but according to the wording the next 109m will be issued at 21.5c
this makes the average exactly 22c for the Seven shares

now there will be 109452662 + 239125104 total shares
ie 348 577 766 shares

given the last trade on ENG @30c for 229125104 shares
ie the value of the company before all this was $68.737531m

assuming that the value of the company is the same pre and post issueing of shares then the value is
$68.737531 + $26.279585m = $95.0171m for 348 577 766 shares
ie
27.25c / share for the new entity

or
ie $68.73751m + $2.75m = 29.89c per share prior to the further 109m shares

i think the placement will provide financial security for the company
which will bolster the share price

in any case
I think the price tomorrow will be 27c at a min
and perhaps a lot more



ij