GREY:PGDIF - Post by User
Comment by
alberto782007on Aug 25, 2014 4:57pm
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Post# 22876256
RE:PGD is trading where it should
RE:PGD is trading where it shouldI rather thought that the 30 cent figure reflects 50% dilution, of which we are assured since all the units will be purchased thanks to the standby purchasers. If all the warrants are excercised too we will have twice as many shares out as we do now and the price should then be about 20 cents, from the pre-announcement baseline of about 40 cents. I am however not sure whether the standby purchasers are obligated to exercise the warrants- all it seems they agree to do is buy the units which guarantees 50% dilution. That is the way I understand the press release.