Equity OfferingDoes anyone have a ball-park figure as to what the price will be for each unit? Perhaps today's MAIN reason why SP is down is b/c of the imminent financing....forget about the ''money managers' manipulation''
Assume 15.3 M current outstanding, and they manage to raise 12 M at 2.50/unit = 4.8 M new shares.
New share float = 20.1 M + another 2.4 M in new share purchase warrants + agent's 30 day purchase option up to 15 % clause.
Dilution expected by market of at least 30 % + Stock down 26 %, perhaps it'll be priced closer to 2.75, who knows..