Hoping ...that the last round of warrants do get exercised. We get CDN $2,125,000 and
our fully diluted goes to about 90 million shares. Doesn't fully pay our USD loan,
but close!
PP route at 20 cent shares for the same amount is 10,625,000 shares along
with 10,625,000 additional warrants. Fully diluted in this case approaches
103 million. It also gives us un-needed cash 2 years down the road at maybe
25 cents a share, whatever the warrants are given at. Given the weak CDN
dollar, that short term loan will require about CDN $2.5 million to pay. Which
means 12,500,000 shares at 20 cents plus that many warrants, for a fully diluted
total of about 106 million shares.
I would most definitely prefer to see this last round of warrants exercised!
Wouldn't you? ...