GREY:IPRSF - Post by User
Post by
lscfaon Feb 18, 2016 4:18pm
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Post# 24572341
Cantor update report Feb 16
Cantor update report Feb 16" We believe the recent pressure on the stock has been due to debt repayment concerns. Today’s PR should alleviate most, if not all, of those concerns."
"Our estimates are conservative vs guidance. We get to a $0.50 target on our estimates and assuming a ~$20M equity raise. If LAB can continue its momentum and hit company guidance in 2016, we see our TP going to the $0.75-1.00 level."
"As at September 30, 2015, and post the Akamon debt financing, LAB had ~74.4M warrants outstanding with a weighted average exercise price of $0.373; and ~15.3M options outstanding at a weighted average exercise price of $0.371. We believe these strike prices are achievable within the next 12 months, and as a result, the exercise of these warrants/options could raise an additional $33.4M in capital."