Yeah u are right Danny,
And with no dilution ( cap raise ) at .045 cents the market cap would have been around 10 million.
They will now have almost 3 million in cash ( which equates to about 1 cent per share ).
As you say it all comes down to whether or not the product will sell , when and how many.
( And we may be given a clearer picture on this next week with the cap raising doc's. )
If successful ( And I am a strong believer ) then we are not going to talking 10 - 15 million, it will more like how many hundred's of million is the market cap and that then will come down to current and future revenue and earnings per share.
Exciting times as it is now or it will never be.
Ann: Conversion of Director Loan to Equity-OIL.AX, page-9
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