I think Adrian has done some simple arithmetic. the 2.5 million buys a 25% shareholding. Multiply by 4 to bring to 100% valuation which then gives 10 mil.
Forgive me,it does some a little crazy. you're asking for a R750,000 initial payment? Times 4 and u hope to get an initial upfront of 3 mil to commence amongst other things research?
I shall not be investing.
Or have i misunderstood this investment jargon?
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