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Posted On: 10/09/2018 3:43:00 PM
Post# of 72440
That’s corect. Dilution for this round is about 10M shares. That’s not bad if Leo can get the deal done and P result this quarter. If a deal is signed, Leo can buy back the preferred shares and cancel the warrants at 8% fee.
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They are not issuing 10 million bucks’ worth of stock all at once.
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