RE:RE:RE:RE:exercise of all outstanding warrantsThe current cash situation as I recall is as follows, feel free to add missing info.
- 11 Feb 2016: $33M (40Ms)
This is after the FT and the PP with EDL to maintaing its 15% (ELD has 60.1Ms)
- 13 May 2016: $25M (31.5M)
FT@0.87 and PP @0.59 with Raymond James + another group
- 25 May 2016: $12M (40M wts)
exercise of wts
- ELD: Top up to maintain 15% ??? (need ~10Ms to maintain 15%, @ say $0.65/s it would cost ELD $6.5M whichwould go to ICG Treasury.
- ELD: Additional investment to 19.9%??? (additional 5% = approx 24Ms x $0.65 = $15.6M (goes to ICG Treasury). Note assumption of 0.65/s
- Tax Rebate: $10M??? (pure guess)
Total: 33 + 25 +12 + 6.5 + 15.6 +10 = $102.1M (quite a bit of money)
Note: the money from EDL and the tax rebate are very approximate and pure guess. In other words treat the last 3 entries with caution. But they give some sense of order of magnitude of the money involved.
Please check my math for errors or omissions.
GH