The finance is still in good shape. If the trolls
Post# of 72446
Posted On: 09/13/2016 12:52:06 PM
The finance is still in good shape. If the trolls say they are running out of money, feel free to use theses #s like I just did over there.
Cash on hand = $6.3M
12-month planned expenses = $19M
Cash needed from Aspire = $19 - $6.3M = $12.7M
$12.7M / $1.25 per share = ~10M shares
10M shares / 123.6M total OS = ~8% dilution
Aspire available balance = $22M
After Aspire, shelf registration = $45M
https://www.sec.gov/Archives/edgar/data/13552...ix_10k.htm
As you can see, even if CTIX has to come up with all $19M at today's price of $1.25, it would be just a 8% dilution.
Cash on hand = $6.3M
12-month planned expenses = $19M
Cash needed from Aspire = $19 - $6.3M = $12.7M
$12.7M / $1.25 per share = ~10M shares
10M shares / 123.6M total OS = ~8% dilution
Aspire available balance = $22M
After Aspire, shelf registration = $45M
https://www.sec.gov/Archives/edgar/data/13552...ix_10k.htm
As you can see, even if CTIX has to come up with all $19M at today's price of $1.25, it would be just a 8% dilution.
Quote:
Leo runs a very efficient operation. All the crooks would have you believe the contrary and constantly claim he's selling and diluting but that certainly is NOT the case.
(2)
(0)Innovation Pharmaceuticals Inc (IPIX) Stock Research Links
