P/B ViewThis dilution helps us from a book value perspective.
Share Price (last close) = $1.05
P/B Ratio today is: 16.90, based on: $4.6M Cash/Assets with 74,016,903 shares outstanding. This represents a book value of $0.06 per share.
Once the financing closes, the P/B Ratio will be 6.04, based on: $14.6M Cash/Assests with 84,016,903 shares outstanding. This represents a book value of $0.17 per share.
If you apply the previous P/B Ratio to the new per-share book value, you get a new market value, or "target price" of $2.94 per share.
I anticipate we see a strong trend upwards once the financing closes.
Cheers,
GUAG