proposed aquenox float

JINLA and Pumper

You guys seem to be quite enthused about a float which I admit I have all but given up on so I thought I would do some sums so can you please tell me if I am correct here.

There are 145m currently on issue, CNN will get 258m on floating, and another 25m to raise $5m on listing ( hypothetically). A total of 428m, market cap. $85.6m.

CNN's holding will be worth $51.6m! Please tell me this is not so before I race out and buy more CNN.

I am not sure if I have got it right with CNN's holding.

And additionally CNN get repayed $1m cash on floating. No need to raise funds for a while.

You guys are getting me excited.

Please respond.