Posted On: 11/03/2015 11:21:58 AM
Post# of 30066
Magna was the only one who could sell prior to today. That is because the Series H were covered under the shelf registration (i.e., they were registered and freely tradeable).
Dominion got some 12% notes and couldn't sell until today ... when the October 15 S-1 was declared effective. Not sure if Dominion is friendly or not and if they will convert.
Dominion got some 12% notes and couldn't sell until today ... when the October 15 S-1 was declared effective. Not sure if Dominion is friendly or not and if they will convert.
Quote:
Getting close to exhausting recent dilution. 2.6 mil out of the 9 mil registered shares are warrants convertible at $2. And if only Magna is selling (as someone suggested), that cuts down to 3 mil. Since October 15, over 2.6 mil shares have been traded. As long as Amarantus can service the remaining debt in some other way, we could be out of the woods very soon. JMHO.
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