Ohm20 The effective dilution would be closer to h
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Posted On: 10/21/2020 7:51:13 AM
Ohm20
The effective dilution would be closer to higher than 2% that because if a new raise is done at $3, the recent notes convertible price would reset from 10 to 3 thus requiring an extra 5.83 million shares to be delivered upon conversion.
This causes more dilution and eats into the available share count.
Raising at a higher price is really the key or offering a warrant conversion incentive to get all those converted this year.
IMO
The effective dilution would be closer to higher than 2% that because if a new raise is done at $3, the recent notes convertible price would reset from 10 to 3 thus requiring an extra 5.83 million shares to be delivered upon conversion.
This causes more dilution and eats into the available share count.
Raising at a higher price is really the key or offering a warrant conversion incentive to get all those converted this year.
IMO
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