RE: marc24 Again I appreciate your quick response. My reading of the same information said to me that many of the warrants granted 2 common shares per warrant. 34,000,000 of the 42,000,000 warrants attract the 2 shares per warrant. 34 X 2 = 68 million. Add to that the 11,000,000 from the recent pp. Add again the 16,000,000 stock options gets me to the 100,000,000. 68+11+16= 95 so I rounded to 100.
If I go back to your original post, you suggest there is an implied value of $0.50 per share with 200,000,000 shares outstanding. All I am saying is that if you factor in the effects of the warrants, the recent pp and the stock options, there may be a very different implied value.
Please advise if my math or logic is wrong.
With respect,
Marc