RE:RE:RE:RE:RE:RE:RE:RE:RE:News After The CloseWith 34 million warrants, if SP hits over 50 cents, most should get excercised bringing in about $10 Million cash. Warrants are priced at 25, 28, 30 and 35 cents. IMHO
2b7f6fab wrote: You need to keep in mind that the 12 million options granted were to replace the 10 million options that expired a week or two ago. Of course mgmt is going to replace them. That's how the game works. If you don't understand that you shouldn't be investing. Current share count is approximately 240 million share o/s, 20 million options and 34 million warrants. Fully diluted just under 300 million. Yus got to due diligence.
So imagine for a moment you're an investment banker with $100 millions dollars to work with. You'd like to put $10 million into TLT with a market cap of only $40 million, but you want BTD first. Problem is when BTD comes the market cap probably won't be so low anymore and you won't be the only one wanting a piece of it, retail, hedge funds, Pfizer, Merck, pony up and get in line.
Alamir1111 wrote: That's a good assesment
The directors of the Company have agreed to grant an aggregate of 12,340,000 stock options to directors, officers and employees pursuant to the Company's stock option plan. The options granted are exercisable at a price of $CAN 0.25 per common share, vest over a three-years period and expire five years from the date of the grant.