"The above Table is based on a share price of $0.01 immediately prior to the issuance of the requisite Notice of Meeting, and consequently a reconstruction ratio of one share for every 20 held. However if the share price is at a higher price prior to the issuance of the Notice of Meeting then the reconstruction ratio will be reduced accordingly. The Consideration Shares, shares to be issued under the capital raising and the A Class Performance Shares will also be adjusted by the same ratio"
Total Issued Shares assuming Milestones satisfied 2,745,333,024
$5m also to be raised post recon at minimum 20c
Im assuming this is how it works
1c prior to notice reduces 2.745B shares by a factor of 20 and a new price of 20c per share , $5M still raised at 20c
Say market price 10c prior to notice reduces 2.745B by a factor of 200 and a new price of $2.00 per share , $5m raised at $2 per share
total shares on issue at $2.00 per share 16.23m , market cap say $35m
Well that a lot different to several hundred million , assuming my calc's are right.
MYA Price at posting:
9.5¢ Sentiment: None Disclosure: Not Held