GREY:EDYYF - Post by User
Comment by
Maxmoeon May 17, 2021 1:01am
138 Views
Post# 33212432
RE:RE:RE:RE:RE:EHT NEWS THIS MORNING
RE:RE:RE:RE:RE:EHT NEWS THIS MORNINGHow do you get to 150 million shares? I was back of envelope rounding and I got under 100 million. I was concerned enough already about the valuation of the new money when the $5 million new money, after everyone rolls in was only 8.76%, more like 7% fully dilated. That's a pretty hefty valuation. 150 million would put it down to under 5%. Tough sell. The pro forma projection must sing?
Theworld4Taking wrote: LionWhisperer wrote: Unbeievable.There will be 150 million shares os if this reorg gets done....Looks like a ponzi scheme between two broke companies to me.I thoght amalgamation was for Windulars busimess but instead the monies raiseda re for EHT puerto Rico and general working expense.I doubt deal gets approved and if it does not this year for sure.I have sent a l;etter of concern to regulators about this stuff and the sour state it leaves on the market