SEN 0.00% 2.5¢ senetas corporation limited

I guess what is going on is the following:CTV has 7.05M shares...

  1. 22 Posts.
    I guess what is going on is the following:
    CTV has 7.05M shares valued at 12.75pence as of 30/3/06

    CTV Initial Market Cap A$2.2M
    Value of Shares issued to SEN US$6M = A$8.4M
    Total value of company after share issue: A$10.6M

    This is represented by by the following CTV assets:
    * Original CTV business A$2.2M
    * eCrypt US$3M
    * Senetas high speed encryption licences US$3M

    After the transaction SEN owns 79% of CTV

    No wonder they want somebody on the board!
    Regards
    Serrata
 
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