GREY:ISOLF - Post by User
Comment by
ConnectTheDot1on Nov 07, 2018 3:35pm
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Post# 28939419
RE:RE:RE:RE:RE:RE:So float is now 60 million shares ????
RE:RE:RE:RE:RE:RE:So float is now 60 million shares ????Please..can you reread....! The conversion price is a yesterday closing price at 3.15$...so dilution of 3.2Millions more! The 3.94$ conversion price was the 159 warrants "bonus" per 1000$ debenture: so 10$M*159/1000$ = 1.59M @3.94 And from the 3.17 shares, they gave another 7% to brokers = 0.22M shares @3.15$ 3.17M + 1.59M +0.22M = 4.98M shares Almost 5millions shares dilutions...:-( Correct if I'm wrong!
zoobadoobaaa wrote: so you like making shyt up now? do you people read anything????? IF they granted the option to convert the full $10 million at 3.94 exercise, it only ads just over 2.5 million to total outstanding which is less than 7% of total shares. Not to mentioned they cant be converted until the end of next year. read for f sakes. READ!!!!
The Convertible Debentures will not be redeemable on or before December 31, 2019. On and after December 31, 2019, and up to and including the Maturity Date, the Convertible Debentures may be redeemed in whole or in part from time to time at the option of Isodiol (the “Mandatory Redemption Right”) on not more than 60 days and not less than 30 days prior notice at a price equal to their principal amount plus accrued and unpaid interest, provided that the daily weighted average trading price of the Common Shares on the CSE during the 20 consecutive trading days ending on the fifth trading day preceding the date on which the notice of redemption is given is not less than C$5.00.