Initially I thought I might have got heavily burned on this one... and then I thought about the terms it comes to
Assuming all SH take up the rights and SP stays at the close price today 0.005 (posted consol 0.75)
Column 1
Column 2
Column 3
Column 4
Column 5
0
Weight
Post Consol cost price
Projected MC
1
Exising shares post consol[/B]
3,233,333.33
6.25%
0.75
2,425,000.00
2
News share post consol
48,500,000.00
93.75%
0.02
970,000.00
3
Total shares post consol
51,733,333.33
100.00%
0.065625
3,395,000.00
Now - Assuming all SH take up the rights and the marketing sees this project worth 10mil then 3 dollars per share post consol (equ. 0.02 at current price???)
Column 1
Column 2
Column 3
Column 4
Column 5
Column 6
0
Weight
Post Consol price
Projected MC
1
Exising shares post consol
3,233,333.33
6.25%
3.00
9,700,000.00
2
News share post consol
48,500,000.00
93.75%
0.02
970,000.00
This part does not change
3
Total shares post consol
51,733,333.33
100.00%
0.20625
10,670,000.00
I've confused myself by my calc , so I'd be happy if someone can point out if theres anything wrong with the calc.
HAR Price at posting:
0.5¢ Sentiment: None Disclosure: Held
