Post by
charliebitmyfin on Mar 19, 2021 5:40am
not so fast
actual shares outstanding 470mil, time for rs?
"On August 21, 2020, the Company borrowed an additional $600,000 pursuant to the Loan Facility. The Company paid transaction costs to the Facility Lender which included a set-up fee equal to $30,000 and an immediate interest payment of $50,000 separate from and in addition to the 17.5% per annum interest payable under the Loan Facility. In addition, the Company has issued the Lender 28,571,429 common share purchase warrants each of which may be exercised to purchase one common share of MYM at a price of $0.07 per common share and expire on August 21, 2023.
Comment by
RockMaschine on Mar 19, 2021 6:43am
not happening soon. Majority shareholder special shares that arent coming to market just yet.
Comment by
RockMaschine on Mar 19, 2021 12:28pm
proper analysis. Several warrants where VWAP above 17-20 causes acceleration. This is good because it will add some cash to the coffers.
Comment by
biketrader98 on Mar 19, 2021 1:44pm
Wouldn't this be dilutive? I'm not sure I understand the logic.
Comment by
Jshaw9 on Mar 19, 2021 1:58pm
Sure it's dilutive but the last question was around a reverse split. I don't think at this point the dilution from the warrants, if and when they are exercised, will have a long term negative effect on the company and SP. and that's just my opinion
Comment by
biketrader98 on Mar 19, 2021 2:10pm
Long term probably not but in the short term there would likely be negative pressure on the stock as these shares hit the market. If the volume remains decent it could be muted but there is likely a pull back coming when they transact.