on my "back of the envelop" rough numbers, with 94 million...

on my "back of the envelop" rough numbers, with 94 million shares on offer (post capital raising), and a forecasted NPAT for 2013 of $23-25 million, that works out at EPS of approximatley 24c to 26c.

Unfortunately, I cant see the shares trading at a price starting with a 3 for a long time.

Absolutely shocking management of this company. Why pay out a dividend when the company is going to loose so much money?

And will there be any sort of scrutiny put on the director who sold 1million shares (nearly 50% of his total holdings) back in march when the share price was $3.80???? Surely he had inside knowledge of what was comming.