Value of the company vs raising capital
Can I just ask if I have this right ?
Trading in Silverjet shares was suspended at 13p at the request of the Board.
The issued share subscription of 64 444 444 ( source Silverjet website ) would indicate a company value of £8 377 777, as at the suspension.
The company is seeking investment of £5 million by way of a loan in the short term and up to £38 million in the long term ( source Silverjet website ).
So the loan is for close on 60% of the value at the time of suspension and the further investment would represent 450% of the value of the company.
Figures rounded up / down for easy sums