Well... ECQ currently roughly has 900m fully diluted...add 200m for Cynata = 1.1bn. 1 for 20 consolidation = 55m shares. Raise $5m or $6m @ 40c...Another 15m shares. Total...70m share @ 0.40 = $28m MC. Cash of around $7m ( CR + Option excercise) EV roughly $20m....looks reasonable at current state of play. I reckon the market will pay a healthy premium above the CR at 0.02 (pre consolidation).....How much premium??
ECQ Price at posting:
2.8¢ Sentiment: None Disclosure: Held
