Post by rixpixon Apr 03, 2024 12:45pm
206 Views
Post# 35968022
BETR raises $1.16 Million from convertible debentrues
BETR raises $1.16 Million from convertible debentrues
And these debentures can be converted into units.
Each unit has a 1 share and 1 warrant, both exchangeable @ 10 cents.
If the holders exchange them for shares, another 11.6 MIll shares will go into the total float.
Add another 11.6 mill shares if the warrants get exercized, increasing the total outstanding shares by over 20%.
But If the SP is not substantially higher than 10 cents by next year, the debenture holders won't exchange it for shares and BETR will have to raise funds again so they can pay these debenture holders, watering down the already high float.
This is what I see, and all is IMHO
GLTA