RE:RE:RE:RE:RE:what a disasterThat formula may be correct as it pertains to how many shares will be issued to the B warrant holders relative to the share price...but...there will also be a second formula the B warrant holders are using to maximize their returns and that may not be to issue as many shares as possible while driving down the share price. I mean this; Which is a better return; 1b shares issued and a share price of 3 cents or 700m shares issued at 8 cents or 500m shares issued at 10 cents. Because we don`t know their formula we cannot predict a bottom.
One important number to keep in mind is the NAZ minimum market cap of $35m to maintain their listing which translates as 1b shares at 3.5 cents or 500m shares at 7 cents or 700m shares at 5 cents. It would be nice and easy to have the share price drop to 3 cents and then we could really load up because the shorting has skewered the market cap considering that 1b shares and a cash position of $60m equals 16 cents per share. Share consolidation in December to meet another NAZ listing requirement of minimum share price of 1 dollar.