RE:RE:Oups You're right stockman. Thank you for your time to explain the mechanics behind the financing. Very helpful.
stockman6767 wrote: Arrakis, is that because you saw $5.50 in the new financing? That is the warrant exercise price not what they now paid for the new deal they are getting. They bought " 5,757,894 common shares, along with accompanying warrants to purchase one common share for each common share purchased by an investor, and 557,894 pre-funded warrants to purchase one common share, along with accompanying warrants to purchase one common share for each pre-funded warrant purchased by an investor." THUS
They got 5,757,894 + 557,894 = 6,315,788 shares for $30 M US thus they paid $4.75 US per share if you assume the warrants have ZERO value which is not the case, so they actually paid well UNDER $4.75 per share depending on how much value you give to the warrants.