RE:RE:RE:RE:Mark to Market Loss on 2024 Warrants Let's all read the finacials again- straight from the horse's mouth so to speak - it's not that hard and you should try to learn some of this stuff.
Adjusted Net Income was 16M or 33 cents a share. This is about double of the Net Income of 9.0M. or 18 cents a share So they are reporting Net Income and Adjusted Net income on the
then current outstanding share of about 50M.
16,000,000 / 50,000,000 is about .33
9,000,000 / 50,000, 000 is about .18
Now we know that if and when all warrants / debentures / options are converted
we will end up with close to 90 Million shares.
So if they continue to opreate like they have (and that is a if, it may be better or worse - I'm all ears) and we start reporting of a fully diluted basis then the earnings per share will be cut in about half (90M shares vs 50M shares).
So then all we have to do now is figure out how much extra money thet will have on hand due to
conversion of the warrants/denbentures to shares and apply number to the existing debt.
In other words - what will the balance sheet look like then - perhaps 1 year down the road.
... Sorry I have to go to dinner now, can someone take over ...
If you can convince me it will look good and they will won't have to over leverage themselves again with the new projects I will buy some shares in the morning.
GLTA