An interesting analysis.(Note: This does not take into account...

An interesting analysis.

(Note: This does not take into account options)

Current Issued Shares 436,859,655 @ $0.115 = $50,238,860.33 Market Cap
With addition of new shares 436,859,655 + 76,268,355 @ $0.115 = $59,009,721.15 New Market Cap

Current Cash holdings of $4,061,000
New Cash Holdings will be $14,061.00

Hence
Current MC:Cash Ratio = $50,238,860.33/$4,061,000 = 12.37105647
Current MC:Cash Ratio = $59,009,721.15/$14,061,000 = 4.196694485

Basically we were trading at a multiple of 12.4 x Cash on hand and now we will only be trading at a multiple of 4.2 x Cash on Hand.

Hence is a much stringer position and shows that $0.115 represents great buying IMO.