Just doing some calculations, please feel free to correct me,
If 240m shares on issue & another 120m added to raise 600k to pursue the offer at 0.005 cents. total 360m shares on issue.
like you say if share price falls to 0.005 cents, the Market Cap will be tiny $'1.8 million dollars'.
Lets say all goes well 2-6 months down the track & we with the revenue dropsite brings in, brings the new Market Cap to say conservative $100 million +
Even if in the RTO process involved issuing more shares etc,
wouldn't we still be looking a very reasonable 20+ cents per spare or a 1000% gain.
Time will tell, but I cant see people selling out at 0.005 cents tomorrow, when there's a very real potential to make a lot of hooch!
Ann: Non-Renounceable Rights Issue Offer Document, page-72
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