How do you estimate normalized PTPP with a fairly new, over capitalized bank?
It looks like the bank now has $11.4mm in equity, with another $1mm if all warrants are exercised. I'm estimating about 5.066mm diluted shares O/S, but my numbers could be wrong.
June '12 BVPS was $3 per share, total equity was 7.584mm. Shares O/S 2.528mm.
9/10 capital raise of 1,181,600 shares, 295,400 warrants at $2/share.
9/30 equity of $9.7mm
12/13 capital raise of 848,726 shares plus 212,182 warrants at $2/share.
Market Data 
Markets 
AI
