TSXV:CYX.H - Post by User
Comment by
LandyJon Nov 07, 2019 3:12pm
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Post# 30323352
RE:RE:RE:Private Placement
RE:RE:RE:Private PlacementSeanPrice wrote: But we all know the warrants are worthless. CALYX have MANY ongoing warrants that are expiring because the SP never gets over the exercise price.
LandyJ wrote: The cost of each share in the placement is $.066667.
An example: you decide to participate and subscribe for 10000 shares at .05 = $500
That also gives you 10000 warrants exercisable for 5000 shares at .10. When(if) exercised, that's another $500.
The participants will end up with a total 15,000 shares at a total cost of $1,000 = .066667/share.
I rounded up to give the participants a $50 return on their investment.
You invest in the placement for the warrants. If you don't think the stock will be above .07 before the warrants expire, there's no reason to invest in the placement. I was just doing the math for you...