RE:Going COVID-News. outWhat I don't get from the news is the following:
Share consolidation:
Micron also noted that it will roll back its shares on a 2:1 basis that should result in the Company having roughly 39 million shares outstanding, prior to closing of this deal. In exchange for COVID’s shares, Micron intends to issue 16.5 million post-consolidated common shares at $0.08 per share and issue 16.5 million share purchase warrants that will be exercisable for a price of $0.10 for a 60-month period