Assuming the deal does ahead.
Shares = 142M (plus 10m options).
Current cash = $19.5m
Loan Repayment = $35m
Extra from shootout = $27.5m
Total cash = $82m or 0.54c a share
Even if it falls to the 2nd bidder, cash to the company in the company is $54.5m or 36c per share.
That assumes full dilution from options and no cash from the options.
to receive us $62 & market cap $16m wow, page-6
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