RE:RE:Updated price points My numbers, please weigh in with your thoughts as well:
Currently fully diluted at 72,000,000 outstanding as per the AGM slide from Luke.
Assuming maximum over allotment of 15% (who wouldn't want a peice of this company at that price). Total shares issued would be approximately 7,700,000 at $1.20 for gross proceeds of $9,240,000. Which, I would hope, is enough for their plans.
There is an option for another $5,000,000 at these terms but I doubt that will take place unless they really need the money for some reason (multiple acquisitions). So I assume they'll stop at the 7.7 stated above.
The warrants would come in at 1,900,000 at @ 1.70 in 24 months. Sweet deal, which will surpress the share price likely in the short term.
72 current plus the 7.7 puts them at a very rough 80 million outstanding.
80 million at $1.20 values the company at 95.2 million.
StoneGate had a valuation of 84.4 million to 196.8 million. With a mid point of 140.6 million.
So even with the dilution today, we are still at the low end of the valuation and in a much better position financially to execute the business plan more rapidly.