RE:RE:Ignite Launches Financing for C$50 Million in DebtIf fully suscribed, I expect:
- 23.4 million shares at $2.14 (minimum price conversion ? at Oct 3rd close)
- 16.7 million shares at $3.00 ($2.5 share price plus 20% end of month price estimate)
12.5 million warrants would see additional $26.7 to $46.9 milllion raised is all warrants converted at formulas consistent with above.
Based upon current spend, cash would last around a year, ($50 million less 4 million = $46 million with negative 11-12 million a quarter cashflow).
Unsure how international travel (to vacation spots where pot is not legal) is positive for company. Focus on established markets,; follow up on press release.
Pot markets have lost hype, so investors will be looking for results and growth. Last three quarters have been flat, so use of cash will become key attribute for shareholders.
Possible trading play; but unable to establish trend as share pogos almost every day.