Post by
materialsgirl on Oct 08, 2014 5:10pm
35 million shares needed if price is 14 cents
I suspect that half warrants at 20 cents for 3 years might be needed if the offering price is 14 cents. Then we could get another 70 million shares to be given to Anto in January.
Combined dilution would be less than 100%
Still, we have to be sceptical that money will be raised. Most likely thing is that the offer will be withdrawn.
mat