$PULM: Just amazing that so many think that 2M sha

$PULM : Just amazing that so many think that 2M shares being dumped won't affect the pps; the company does.. Looks like it's setting up as a nice short.

"The Company agreed to sell an aggregate of approximately 2,000,000 shares of common stock, at a price of $2.50 per share, in the registered direct offering. The closing of this offering is expected to take place on or about February 2, 2017, subject to the satisfaction of customary closing conditions."


You will experience immediate and substantial dilution.
The offering price per share in this offering exceeds the net tangible book value per share of our common stock outstanding prior to this offering. After giving effect to the sale by us of 2,000,000 shares in this offering, based on a public offering price of $2.50 per share and after deducting the placement agent fees and estimated offering expenses payable by us, you will experience immediate dilution of $2.14 per share, representing the difference between our as adjusted net tangible book value per share as of September 30, 2016, after giving effect to this offering and the public offering price. See the section entitled “Dilution” on page S-28 below for a more detailed illustration of the dilution you will incur if you participate in this offering.


http://www.otcmarkets.com/edgar/GetFilingHtml...D=11810011

Sojourner here following God, obeying God, and cleaving to Him. The journey is onward.