RE:RE:Rights offer , timing and Prometic Firstly, I am just a regular guy that got taken in by the hype and promises. no vested interest other than finding my own peace of mind after such a monumental screw up. The problem is as I looked deeper into this nobody has exercised rational thought and commonsense within the main players. On the thinking. I got numbers off the PLi annoucements. I think the difference is probably the shares that TV had prior to the restructuring.
So, Total shares out now 20,720, 605,452. SALP will not exercise therefore 3,833,634,433 vailable to subscribe to rights offer. Note: Consonance has not relinquished rights. Shareholders other than Consonance 542,323,463. Consonance at 3,287,310,980. We have had numerous shares turn over in the last month so the original shareholders have mostly left. Therefore anybody buying shares wants the rights and shares that come with that. Only $75 million is available or about 246 million shares. So if consonance isn't involved the 542 million at .0152 x20 would be $166 million. % participation 45. If conconance is in then % drops to 6.5 %. I ran that back to be about 1.5 shares per right and without Consonance about 9 . In any event if one applies for 20 share he has to come up with funds for 20 knowing he gets refunded the left over but probably 2 months after. long time to tie up capital. This isn't even the broker as in normal rights deals.