RE:Private placement back on the table.........sheesh!Wow...don't think I have ever seen this scenario before.
3.3 million tradeable shares on the open market right now.
Issuing 30 million shares plus 30 million warrants.
10 cent shares (12 cent 5 year warrants)
The kicker here is the 4 month hold period.
May 2nd, 2018 - An increase of 10x in the amount of tradeable shares.
Wow.
With the extremely low float prior to 4 month hold period...this could get very volatile (ie. upward pressure). Then the cork on the bottle comes in on May 2nd.
If one were to trade this...get in now and get out before April 1st (ahead of the May 2nd hold period).
30 million warrant overhang at 12 pennies is basically a 100% dilution overhang on the shares.
This is not a done deal. Arranged for "up to" and a finders fee may apply.
For a company worth $300K....a $3 million financing is nothing to be sneezed at. Pretty decent if they can pull it off. I have my doubts.
EKIM