I'm still working on $2m shell value, $1.5m cash and $2.5m r&d...

I'm still working on $2m shell value, $1.5m cash and $2.5m r&d rebate.

So $6m mkt cap (0.719c).

* The shell could be worth more (especially with the $80m+ tax loss carried forward).
* The cash could be more, as projects & spends stop. Although there maybe be wind down costs that offset against some of these savings. They have few staff, so not much re redundancy payments.
* Re the r&d rebate, the company can easily estimate for the Australian r&d part, and this is a conservative $160k. The overseas spend r&d rebate is harder to calculate, but I have a conservative $2.5m (grand total) based on what I have seen over at imu.

So that's a 0.719c price. If one wants to be super cautious (like me) and reduce that total by 25% it's still 0.54c

re Centre Point, my broker doesn't offer it, but when I do a trade it is passed through centre point. So I was putting in smaller buys. Twice I got it, once I didn't.