Just some back of envelope mumblings.... So they will raise...

Just some back of envelope mumblings....

So they will raise 1.7bln shares to Rent at .006c.

= circa $10m purchase price.

300m current shares so SP should be $10m/2.1bln = .004c per share give or take.

As it may be capital consolidation, at 20c share, shares on issue will then redcue to circa 50million at 20c each or say $10m market cap.

*I notice there are also performance shares are provided if EBITA reaches $3m which tells me current gross profit from Rent is probably less than $1m as of today.

So assuming this is correct, is Rent worth $10m with EBITA less than $1m per year (guess)

I would then say further funds will need to be raised (mentions $1m in anns) for marketing, update of site and so on which seems nowhere near enough, but could be wrong.

This one is hard to decipher if it is a good deal or a not so good deal for current buyers/holders of SLT.

I guess it is better than non existence, and I do believe the Rent site has long term potential.

So what to do?

I have less idea now then before I got the envelope out.

Ive rushed this in 2 minutes 32secs, so please if someone has better calculations im all ears.