RE:RE:RE:RE:It may have bottomed.I think you are reading this wrong. The warrants at $0.001 total 557,894, which is normal cost in private placements (aprox 10% of purchased shares) $30M /
6,315,788 (
5,757,894 +
557,894) = $4.75/ share, the remaining warrants,
7,894,734 (don't know why this increased from 5,757,894) common shares at an exercise price of $5.50. The $4.05 price you are referring to is only to calculate the registration fee. I don't think any shares have been sold, the F-3 form is dated Dec 1, and there hasnt been that much volume since Tuesday. This is only
sollmg wrote:
8.4 mil of the shares will come from prefunded warrants. Exercise price .001. The way I read this is as an invitation to the hedge funds to short 14+ mil shares at $4.5 US (current price) and we will cover you at $4.05US. A nice 7+ million dollar profit at zero risk