How To Value The Recent Public Offering I am not sure if this is correct.
If you had bought the recent offering at $1.00 and received 0.5 warrant at $1.10 you would have 1.5 shares at an effective price of $1.05.
If we divide 1.05 by 1.5 we have an average share price of $0.70.
This is close to the current price of $0.74.
So essentially the current price is close to the deal that we would have gotten at the offering and we don't have to deal with exercising warrants if they are ever in the money.
So the market has adjusted the SP to factor in the public placement and those of us who missed it can buy at basically the same price.
If someone else has a better way of valuing this please post it.
goldguy