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Posted On: 01/15/2021 11:32:20 PM
Post# of 148899
The S3 filing - think it’s straightforward
They need to make the Jan payment. Stock is above $5. Assume 1.5mm shares to satisfy Jan payment. Yet they registered 2.1mm, why? Because in the event the stock is over $10, all 2.1mm can be converted, sold, and satisfy the balance of the loan.
They are just laying the groundwork for that flexibility. If the data isn’t out this month, Fife will get enough to cover $7.5mm. If it is unblinded, and assuming it’s what we all expect, loan is retired w shares and we are diluted 1/2 of 1%. I can live with that.
Of course if the data is not EUA or Approval worthy, dilution and registration of more shares will be the least of our problems in the short term... but I am not kept up at night by that. I’m kept up fantasizing about both my winning $750mm mega millions ticket tonight and my CYDY retirement plan. Not sure which will end up being worth more...but I know which one I have a better shot at.
Long and strong. GLTA and GNTA (night!)
They need to make the Jan payment. Stock is above $5. Assume 1.5mm shares to satisfy Jan payment. Yet they registered 2.1mm, why? Because in the event the stock is over $10, all 2.1mm can be converted, sold, and satisfy the balance of the loan.
They are just laying the groundwork for that flexibility. If the data isn’t out this month, Fife will get enough to cover $7.5mm. If it is unblinded, and assuming it’s what we all expect, loan is retired w shares and we are diluted 1/2 of 1%. I can live with that.
Of course if the data is not EUA or Approval worthy, dilution and registration of more shares will be the least of our problems in the short term... but I am not kept up at night by that. I’m kept up fantasizing about both my winning $750mm mega millions ticket tonight and my CYDY retirement plan. Not sure which will end up being worth more...but I know which one I have a better shot at.
Long and strong. GLTA and GNTA (night!)
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