IFS had 206m shares on issue and they planned to raise $8m(40m shares & 20c)($7.25m after costs) which would have been 246m shares with a market cap of $49.2m.
With tha capital raising now and aos cash and assets equvalent to over $7m and only 162m shares on issue,thats nearly 30c equivalent.
That's 23c for ifs shareholders(through dilution) or 1.8c for aos shares pre consolidation.
It's a win for all as the new new options for ifs sharesholders will be in the money soon and aos shareholders would nearly double their last price.
AOS
advanced ocular systems limited
