RE:I wish you the bestA refresher
Slim chance at more dilution via issuance of more shares for cash (might be additional shares issued for future acquisitions a la Xtract of course). Cronin said as such in tha 8/15 VRA interview that's posted somewhere. He mentioned in that same interview the amount of cash that could/would flow in via exercising of warrants in the future. As everyone knows, there is a possibility of more cash in the coffers due to the following warrants being exercised:
As of 4/30/19
37,473,782 warrants at an average price of $2.50 would yield $93.6 million
Of course this depends on the stock being above certain levels by certain times.
Namely:
1,510,350 at $0.20 by 6/27/19 (these were obviously exercised in the past)
672,175 at $1.20 by 10/31/19
885,500 at $2.00 by 2/22/20
3,278,200 at $1.25 by 7/13/20
168,507 at $1.00 by 7/13/20
150,000 at $1.70 by 1/31/20
1,288,000 at $1.00 by 11/18/20
18,400,00 at $3.25 by 11/21/20 (this is the big one)
4,796,150 at $2.50 by 11/21/20 (very big also)
6,324,900 at $2.40 by 2/22/21 (very big also)
the above doesn't include employee stock options that also have the potential to be a funding source.
very confident that every one of the above warrants will be exercised.
(as an aside, look for SCAN to issue soon in the mid to upper 20 cent range, this is obvious because the stock fell off a cliff the other day to the low 30's and this usually is a precursor to an issuance at or below the price where it fell too)