skier59 wrote: Geez can you just let me sign-out for the Summer without questioning my numbers.
You're wrong. 13 million shares and 13 million warrants that will become shares. That makes 26 million share difference. That's assuming the 15% over-allotment option is not exercised. If it is these will be the numbers;
15 million x 1.15 = 17.25 million/.35=50 million shares + 50 million warrants = 100 million shares
15 million x 1.15=17.25 million/.50 = 35 million shares = 35 million warrants = 70 million shares.
So the difference between 35 and 50 cents PP will be a net result of an additional 30 million shares PLUS the Brokerage warrants.
So if subscribe fully the difference between a 35 and a 50 cent PP will add an additional 30/180 f/d o/s shares current = 16.7% .....and that is HUGE !!!!!!!
Overall this PP can dilute us by 100 million/180 million or more simply put it will dilute us by 55%........
That is totally BullSh!t.......
.....and that my friends are the real facts.
We don't deserve this abuse, at this point of the game !
baystock1 wrote: Assuming the full $15 million is raised, the difference between 35 cents and 50 cents PP is an additional 13 million shares. This works out to an additional 7% share dilution, which is not that significant as compared to the importance of raising the money so as to be able to proceed with phase 2. This progress in the business is needed by end of year in order to raise an additonal $10 million from the 54c warrants that expire on March 3, 2020 which is only 7 months from now. I think all this hand wringing about the PP price is a tempest in a teapot. All us retail shareholders can really do is to protect our stake in the company from this dilution by buying the violent dip as stated by Macer, or even better to buy into the PP and actually put much needed funds into the hands of the company. If the PP is fully subscribed and warrants exercised, the next PP can be over $1.