TSXV:POI.H - Post by User
Comment by
StyllLerningon Feb 10, 2016 10:38am
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Post# 24543501
RE:RE:PP financing in lieu of prospectus financing
RE:RE:PP financing in lieu of prospectus financing
Not quite. Under the prospectus offering, (at minimum raise of $9 M), there would have been 90 000 000 shares and warrants at an average price of .21. Under the new deal, there will be 140 000 000 shares and warrants at an average price of .13. This is certainly an effect of the terrible market conditions, but incredibly terrible dilution and they will need to exercise ALL of the .12 warrants and about half of the .20 warrants to give the company a chance to get to Cash Flow Positive. A 'tough pill to swallow' is an understatement.