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28,706 Posts.
237
17/12/11
12:41
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this company is certainly looking cheap enough
not sure how i missed the announcement of 11/11/11
the usual suspects were on board, which ROBO high of 3.4 cents and ROBO high of 2 cents
difficult to see the share price going lower that it is now or say lower than 1.6 cents
happy for someone to confirm my research
i get
1. probable $3m raised at 2 cents (20 cents post-reconstruction)
2. 100m shares issues to vendor
3. $400k to be paid to vendor, probably leaving nil cash when $3m is raised
4. 1,013,757,555 script fully diluted
5. $3,329,014 from options if exercised
6. at 2 cents, $17m market cap after substracting options cash
7. at 2 cents, $14m market cap after substracting all cash
regards
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