RE:RE:RE:RE:RE:RE:RE:RE:RE:Settle downQuattro74, I don't know if the .54c warrants get exercised or not. Its entirely possible they will be exercised since March is like 7 months away and we should have 3 month data from at least 15 patients by then. If this offering is overalloted then say 53 million new shares plus 53 million warrants give us a fully diluted +290 million shares. So this offering represents 106/290 35% of the voting power. Now if the owner of those 54 cent warrants is also participating big in this offering then we would likely have a 19.9% owner. Change in board members and change in control of the corporation is entirely possible and soon.
Quattro74 wrote: So we were at ~ 185Mil shares, fully diluted, prior to this prospectus. 2b7f, does your figure include the .54c warrants due in March? Or do those get wiped?
2b7f6fab wrote:
The rumor is that this Offering is fully subscribed and overallotment. If so, then expect another +105 million shares fully diluted. If anyone thought RW had control before it's probably gone now unless he had another $1.5 million to kick in. I'm expecting a buyout as soon as positive news releases begin to flow.