TSXV:ART.H - Post by User
Comment by
Baxter4on Oct 06, 2010 5:08pm
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Post# 17537390
RE: RE: News - Private placement at .60
RE: RE: News - Private placement at .60You've got 25 million units, each unit has a potential one and a half shares, selling for 60 cents a unit. It raises
$15 million so you've got $15 million divided by 37.5 million potential shares... or 40 cents each.
Good math goofy, NOT. Just one little thing. Those warrants are to purchase half a share at 80 cents. So those additional 12.5MM shares will bring in an additional 10MM$.
So the total amount raised is $25MM didvided by 37.5 million potential shares works out to 66.67 cents each, not the 40 cents you're trying to BS us with.