RE:What is happening? LOL Bye Bye TVDoes anyone know what the reporting rules are for TV and Con on the Nasdaq given they have filed a shelf prospectus to sell their shares and warrants?
I know, it doesn't mean they are selling. But do you know their reporting requirements under a shelf prospectus?
GunnerG wrote: NewcamoRealstups, I think you need to wake up to what is happening.
168,735 warrants is what TV owns right now and 20,160,241 are the total the big boys own.
So much for NewcamoRealstupsMarcjohnson team and their rants about 85% ownership. This isn't the company covering all bases doofus. This is the big boys bailing.
Use of Proceeds below; selling shareholders (BIG BOYS) receive ALL the net proceeds, we (LMNL) will not receive anything, but we (LMNL) get to pay the costs incurred.
ROFLMAO
THE OFFERING
| Common shares offered by the selling shareholders | 20,160,241 common shares, including 168,735 common shares issuable upon exercise of the warrants. |
| | |
| Common shares to be outstanding after this offering | 23,589,087 common shares (assuming the sale of all 20,160,241 common shares, including 168,735 common shares issuable upon exercise of the warrants by the selling shareholders). |
| | |
| Use of proceeds | The selling shareholders will receive all of the net proceeds from this offering. We will not receive any proceeds from the sale of common shares in this offering. We will, however, bear the costs incurred in connection with the registration of these common shares and, upon the exercise of the warrants, we will receive the exercise price of the warrants, which is $15.21 per common share. |