RE:RE:$1000 debenture= 2222 shares+2222 warrants=4444 in totalBack to the original calculation, it's the equivalent of 0.55/share for 4444 shares - 2222 shares at 0.45 & 2222 shares at 0.65, assuming warrants are excercised (and excluding interest).
Take note of the Price Stabilization clause as well.
lunchbox36 wrote:
No the calculation is not correct...the warrants are not shares. They are exercisable at .65$. So it's $1000 for 2222 shares and the right to buy 2222 @ .65$ for 3 years. GLTA!!