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Posted On: 06/24/2020 4:13:08 PM
Post# of 36519
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Going to back to ownership limit for a minute. 5% is 20m shares. The floor price is $1. In this instance Mr Long would only be able to purchase 20m shares and fund $20m . Minimum share price necessary to receive full funding is $2.55 (based on 4.99% max limit). This is initially of course. As if the price stars out high and drops the $50m can be achieved at a lower number.
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