Antibe Therapeutics Inc(Pre-Merger) ATBPF

Stock question

[Doccole]

I believe fully diluted we are at 65m shares. 

does that include all the warrants for the future?

I do believe we will have a raise in the future (next year), regardless what management says.  I'm just trying to figure out a better idea of warrants and share counts.

[Ryeman40]

Thats everything. They have 51.68 million shares outstanding now but with warrants, broker warrants, rsu's and stock options brings it to 64 million. 

[Ryeman40]

Warrants could add over 33.5 million to Antibes coffers if they get exercised. 

[Banana1234]

Pretty sure the 6 dollar warrants will be expiring in June 2022 hah.

[Forestview]

I believe 65mil includes the Warrants. Not sure when, or if, they'll expire, but the likely won't be exercised any time soon.   I don't think they'll do a raise.  Any raise now will significantly dilute the share pool, and given the amalgamation of Holdings last spring, it'll significantly impact Dan and Wallace.  Think about it - last raise was 5mil shares

[Doccole]

Thanks for the info im saying raise in the future, they have money now. guessing same game plan as before- clinical trial results raise To get money to develop war chest for big pharma

[MrMugsy]

So many unknowns right now. I'm betting on roughly $2M cash burn per month for all their programs (could be more like $2.5M IMO). I wouldn't bet that the warrants will expire either - too early to tell as we don't have enough information.  Therefore, I put it at a deadlook 50-50 chance right now. Chronic and acute development are tied at the hip right now ... with acute leading

[Banana1234]

6 months is not very long in ATE timelines. The initial timeline doesn't even have phase 2 starting until h2 of 2022. We typically get 2-3 delays per timeline with Dan running the show. My bet is on warrants expiring and a raise before July next year personally.

[MrMugsy]

Don't get me wrong - I would be in favor of the warrants expiring. That would be in my best interest. Just saying I wouldn't take that bet yet - maybe by March    : )

[Banana1234]

Fair enough. I would very much like the warrants NOT to expire personally, as that means we would be raising money at 6 bucks a share - probably far better then any financing ATE would get in the next 5 years with its track record. And more importantly - it would mean this stock would be worth more then 6 bucks again.

[TheMadMonk]

If I remember correctly there are warrants due between February and August of 2022 for a total of about 2 million shares.  The price to exercise the 2022 warrants is between $3 - $4.  There are a lot more warrants that expire in 2023 with higher strike price around the $6 range.