GREY:CATXF - Post by User
Post by
mudguyon Dec 30, 2013 5:48pm
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Post# 22046731
Next stage
Next stageIt is now a post-consolidation world for CCY. I hope the experience with DON.V today after a 60:1 does not repeat here.
I think financing is a given now, the question is how much and on what terms? If they can get about $2.5M, that would take off the pressure for at least a year, if not more. At 0.05, that would be 50 000 000 shares, and we should assume there will be 25 000 000 warrants to sweeten the pot. Maybe the warrants will be higher, say 10 cents. There will be about 27M post-consolidation shares, so that scenario would be 66% dilution + warrants, crudely 70% dillution. Will we see this factored into the market price?
I'm also assuming the outstanding warrants and options are now effectively history as they will be priced out of reach. They have not given options this year yet, so I would imagine in the post-consolidation environment we can expect the management and directors to get options around the same price as the financing, so I'll assume 5 cents. It would be a positive sign if they priced these higher, but that would be asking a lot.
Hoping for the best tomorrow and the weeks ahead. Out for now, I'm free to buy Jan 23 or later. GLTA