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clock Created with Sketch. 23/12/15
14:33
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Originally posted by basilbrush8
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So net proceeds will be 4.3 million (although I'm sure they could bump this up a little with write-offs and other deductions), I’m assuming based on the wording the IES payment will be refunded 1.66 million, plus, don’t forget cash on hand at just under 2 million. I think IES is doing this is because for tax reasons. Which makes sense to them.
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Yep they definitely should make it a bit clearer. I got a similar figure give or take 500 to 750 thousand dollars but it still adds up to a cheap share price imo assuming it all goes through!!
