A shot at new BVPS quick: Old BV of $28.82 MM + Net proceeds of $45.20 MM = New BV of $74.02 MM Old s/o of 2.55 MM + New shares of 12.88 MM = New s/o of 15.43 MM $74.02 MM / 15.43 MM = $4.80 BVPS -Pagz