RE:RE:RE:RE:Warrant Pump
kiskadog wrote:
Yes the info was from SEDAR .
GOOD POINTS you raise.
Here are the warrants from May 3 ? as per GSI company website .
CAPITAL STRUCTURE
(at May 3, 2017)
Stock Symbol
TSX.V:GSI OTCMKTS:GKPRF
FSE:1GK
Shares outstanding*
87,480,145
Stock options
5,598,250
Warrants 17,273,165
Fully Diluted
110,351,560
Major Shareholders
Management & Directors
BC Discovery Fund
9,154,357 15%
5,274,405 8%
See May 1st News Release (Closing of PP came along with Financials at that time). Highlights include:
21,280,000 Million Shares for $4.256 Million cash
Includes 1/2 share warrant at $0.30.... So this alone is 10,640,000 Miilion Warrants
Your previous post (From Sedar) had 6,586,773 Warrants
This totals 17,226,773.... so fairly close.
But you are right.... This July has a good portion set to expire if they have not been exercised already.
It will be interesting to see what shakes out from the company for news releases and sales before then as next set of financials are not due until July 31st
Here is my quick take (Rough Numbers)
Last year - $9.9 million gross revenue at approx 50% Margin = $4.9 Million Net
operating expenses were approx $4.2 million
Net effect was $0.01 EPS trading at say 25X for a share price of $0.25
This year 25% Increase (Guess) = $12.375 million gross revenue
At 50% Margin = $6.187 Million Net
Operating Expenses increase to $5 Million (increased Marketing, Promotion, Staff & PP Raise)
Net effect may still be $0.01 EPS (due to dilution)
At 25X this stays approx $0.25
Things that need to happen..... 6 Month Financial at May 31 showed $2.7 Million total sales.
So if they want to achieve a 25% increase in revenues ($12.375 Million) they need to Giddy-up.
IMO, the share price is hanging around $0.20 because of this (Unfortunate part of dilution)
Company needs to deliver.
I am long and now own a 6 figure position and I'm waiting patiently
Good Luck! (More patience required)
FI4