I wouldn't try perform heart surgery with my commerce degree...

I wouldn't try perform heart surgery with my commerce degree much like I wouldn't expect a tradie to understand basics of finance.

Cash the company has is not included in the market capitlisation of a company. You're thinking of a different metric.

It is simply share price x total shares. Try again.

CPV capital structure
Quoted SOI: 58.7m
Escrowed shares: 39m (nice overhang btw)
Performance rights: 13m
Options (in the money) to be converted into shares that can be sold on the market: 63.1m

Total 173.8m x $0.32 = $55.6m fully diluted market capitlisation

If you want to ignore them, pretend they don't exist and tell yourself you're buying into a $35m company at 32c (which is still grossly overvalued) then YOU go for it. No need to get worked up by others getting the correct information out there.