RE:RE:RE:NGU : Am I right that your conclusion is 49 cents?Lumpy... as I see it it works out something like this:
NCU current shares out: 185 million
Pala current holdings about 70 million at $4.90 (if I am near correct) = $343 million paid
Pala 15 million new warrants (if they get them at $1.00 but could be more / could be less) = another $15 million paid so the total investment is $358 million
$358 million, divided by a new total of 85 million shares =
$4.21 average price paid. Thus (if the $4.91 average is correct)
then they lower their average down about $0.69 per share. Cheers,
N.
lumpy13 wrote: NGU: I can't see how (still unissued) warrants would bring down Pala's average to 1/10 of what you think it is now. This would mean the warrants would need to be 10x the number of current shares they hold.