Assuming cum price for Censof is 0.635, ex price will be 0.60 for Censof. Assuming WA present vol of 65% and applying Black Scholes into WB with 3.25%RF rate, WB will be trading at 0.40. Even with half the volatility of 33%, WB will trade at 29.50 cents. So 30 cents is a very conservative price for WB.

On 10/10 more OBB awards for more federal govt agencies. When federal are using these OBB software, it is natural for the States to follow. Last year only 3 ministries started using OBB software with award worth 200mil.I think 2015 will be more. More allocations for GST implementation.

Censof 1st Tranch of 25mil is coming to an end. I urge Censof not to call the other 3 tranches of 25 million. Kenanga's RCN conditions have short changed the existing shareholders. Issue us more free warrants at In The Money exercise price, we will help to finance you.Dont call the RCN, the RCN holders are not strategic investors. They are opportunists.

KingDavid you are assuming zero Time Value.