That would be correct if LLBO value rises $250M. And LLBO has 40% of Cyrcadia.
But if the last 6.5M raise in shares is not necessary because of the Asia deal than LLBO owns 46%
In your maths pps LLBO would be $0,0828. This is the best case.
Worst case is LLBO holding 36% and the raise in company capital would be that of Cyrcadia. In that case Cyrcadia would be worth 250M more than now.
So LLBO is worth 102.6M
So pps would be 0,0327
So somewhere between 0,03 and 0,10 would be realistic. Imo of course.
Also imo a buyout could be twice this amount. So between 0,03 and 0,20 is the goal for me.....
I let everyone decide for themselves what to do......
GLTYA