RE: Equity raise27 Jul 2023 17:21
there is no cake. it has no value, other than that set by the share price. this is not a fixed asset.
the idea that sp used to purchase shares, that have a market price, determines the mcap is ******.
the investor pays 1.7p for share whose current price is 9p has been given a discount.
the market cap is sp * number of shares. that equation soes not change.