my guess..... an only a punt...without looking much further.
MHL will undertake a heavy consolidation pre-raising - 100/1 ?
$90m will be raised through International Institutions & startegic investor in line with the consolidation...
New Structure something like below or maybe doubled up.
4000,000,000 @ 100/1 = 40,000,000
200,000,000 @ 50c = $100M
240,000,000