So almost 64m new shares and 64m options with exercise price of 5c. Three directors will buy 15m shares raising 300k which is 25% of the total capital raised. Cicero Advisory will act a manager...
1.22m will be added to the balance sheet as a result plus 280k existing cash... bringing it to 1.5m in total.
Market cap will be 5.3m at 2c with EV of 3.8m.
I guess it's going pretty nicely and heading in the right direction. 2c might act as a strong support and we might not see it again... I am expecting a new base around 2.5c from now onwards...
Cheers
WPI Price at posting:
2.3¢ Sentiment: None Disclosure: Held
