start againif $10m was raised at 17 cents, CEO would have...

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    start again

    if $10m was raised at 17 cents, CEO would have 735,919,649 shares & options on issue

    the market cap at 17 cents is $125,106,340

    but then CEO may only hold 75% of the project

    we can't go saying the market cap is $125m and compare CEO to other companies when they only potentially hold 75% of the project, unlike AKM that holds 100% of their project

    therefore dividing $125m by 75% obtains $167m

    $167m is the comparative market cap if CEO held 10% of their project

    regards

 
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