Yeah it is a risk if it does not get extended. It
Post# of 154098
(Total Views: 406)
Posted On: 05/14/2019 7:05:31 PM
Re: I_luv_cydy #2913
Yeah it is a risk if it does not get extended. It is possible it gets extended, my guess is how many execute it the first time and other licensing money comes in by June 22.
Again, with 100M shares - 10M for stock options, leaves 90M new shares for financing, acquisitions, etc if approved. Using the old method at 40c+1/2 warrant, they would max out the newly authorized just raising $24M. The new method allows for $72M to be raised, three times the old method (or 2.4 times if they could get the share price up to use 50c+1/2 warrant), leveraging the old warrants already counted in the 600M currently authorized with bonus shares coming from the newly approved 90M shares.
We will see how many warrant holders do it. First thing the need to do if this works is pay off the convertible note.
Again, with 100M shares - 10M for stock options, leaves 90M new shares for financing, acquisitions, etc if approved. Using the old method at 40c+1/2 warrant, they would max out the newly authorized just raising $24M. The new method allows for $72M to be raised, three times the old method (or 2.4 times if they could get the share price up to use 50c+1/2 warrant), leveraging the old warrants already counted in the 600M currently authorized with bonus shares coming from the newly approved 90M shares.
We will see how many warrant holders do it. First thing the need to do if this works is pay off the convertible note.
(0)
(0)