results worth 12.79 percent, page-3

deevo, another way to look at it is the rise in mkt cap, less cash raised. This takes into account all the dilution & profit made for holders in the spp.

Prior to the phase 2:

264m shares (fully diluted) x $0.68 (sp) = $179m

After (assuming full take up):

406m shares (fully diluted) x $0.73 (sp) = $296m


$296m - $179m - $72m (cash raised) = $45m

or an increase of about 25%

Not a lot, given the good results, but the news had been leaking about the trial since the sp was in the 20's, so that has to be taken into account.

cheers