Participants in cap raising can still sell for a large profit including the free options, currently 40% higher than what they paid assuming 1m purchased in CR (1.2c = $12,000 and 0.6c = $9,000)
$15,000 = $21,000
Buy 1m shares at 1.5c and receive 1m shares and 1.5m options
Breakeven equivalent would be 0.9c per GMC share and 0.4c per GMCO option
Don't forget the interim raise of 204m at 0.5c, the previous phantom investor, the pump and long suspension, partial receipt of funds from new investors
GMC Price at posting:
1.1¢ Sentiment: None Disclosure: Not Held
