MDR 3.45% 30.0¢ medadvisor limited

Ann: MedAdvisor $9.5m Investment from EBOS, page-11

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  1. icx
    3 Posts.
    166m placement shares+ 20m off-market = 186m
    186/ (650+166)= 22%

    "Once both of these transactions are completed, EBOS will be a significant shareholder in MedAdvisor with a holding of just over 14%"

    can anyone explain why its 14%?
 
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