RE: More simply put
I’d like to clarify some numbers (I hope I understand the agreement correctly)
1. Let say I bought 1000 shares of Cline for $1 per share for $1000
2. I would have a right to buy ~8000 more for 2.05c or $1640
3. Therefore, I’d have 9K shares for $2640 or ~13cent per share cost average.
4. Now, let say company became profitable and with total ~1.7B shares (if all shareholders buy shares) with SP of 13cent the company would worth ~$.49B or approximately half of it use to be in 2011(when SP was above $4)
5. The bottom line if you bought CMK much lower than $1 then you start make money with much lower SP. For example with 25-cent average, 5cent will bring you in the black.
Sounds realistic or I’m missing something?