VICTHOM HUMAN BIONICS INC. VHB Financial Situation
As of August 29, 2012, the Company has $2,953,904 in cash and cash equivalents.
As of August 28, 2012, the number of common shares outstanding totaled 19,297,654 while 117,000 options were outstanding under the stock option plan. The outstanding options are exercisable at a weighted average exercise price of $3.61 per share. As of June 30, 2012, there were no outstanding warrants. On August 28, 2012, the number of Series A preferred shares outstanding totaled 6,468,769 for a redemption amount of US$ 4,269,388, which can be converted into common shares, at any time and from time to time, at the holder's option on a 1-for-1 basis.
Almost 3M $ in cash and 20M shares outstanding = value of approximately
.15.
There is no doubt that the company has to merge or be bought over in this context.
The stock moved up to
.035 today.
I really dont know what to expect, but it wont go bankrupt.