My take.....27 Apr 2015 15:17
Gents, I like the optimism but for the avoidcane of doubt and to prevent any 'trolls' which will happen we can only sell a maximum of 253,441,686 in 2015 as we need to keep a minimum exposure of 289,726,716 which then decreases by 50% to 144,863,359 during 2016 and in 2017 the rest can go.
The PUC share price has vaire from 0.12 to 0.34 over the past 3 years and currently is at 0.16 so on the lower end.
Lets give our sale price a 10% haircut and fx of 1RM to 0.19 GBP
253,441,686 shares x 0.145 RM = GBP 6.98m Sell
36,215,840 warrants x 0.1 RM = - GBP 0.69 Buy
36,215,840 warrants x 0.145 RM = GBP 0.97 Sell
This means we would have current cash of £3m, sale proceeds of £7.3m (low end) and investments of £7.98m total assets being £18.27m.
Our Mcap is £5m.
You do the math