Captain, one should factor in the dilutionary effect any future funding will have. Company is currently valued at $11.6 million, so if Sir Jonah or anyone else provides sufficient capital for development (say $10-15million initially) then the scrip could at least double and in that case your share in the company would be halved.
But funding is by no means a certainty given that the EL is yet to be renewed and judging by the latest court order that decision looks to delayed until end of January at best.
I keep saying this but IMO the old guard really f*&%# shareholders over when they knew their obligations all along with respect to the EL, were given $100 million dollars to do something about it but in the end delivered nothing but more problems.
IDC Price at posting:
0.9¢ Sentiment: None Disclosure: Held
