RE: RE: RE: RE: RE: Some calculationsI have looked at the companies that Burton Bloom and have done this for and some go up and some go down. For RVX it was done at $3.23 and share price is now $1.78. Of course there are ones that have gone up.
It is more the fundamentals of the company and not just doing a financing with Bloom Burton.
As for the market cap, you conveniently pick the high of the year. Market cap is just a reflection on share price. It can go up or down for seemingly no reason. Obviously the market thinks a market cap of $100 million for this company is very excessive... otherwise it would be back up there.
As for the average market cap, that is a funny argument. A quick look shows the market cap of Paladin is $700 million and ONC is $400 million. You think these might skew the averages???? This average of $187 million doesn't seem so impressive when these two are taken into account.
Anyway, hopefully we hear the details tomorrow and hopefully it is at a good price. I doubt it is as good as
.15 per unit... depends on the warrants on what portion it gives them. We shall see.