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.
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