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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