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Bullboard - Stock Discussion Forum VIDWRX INC SMDWF

"VidWRX Inc is engaged in developing and operating cloud-based video content production platforms and video production series targeting the business and news markets across North America."

GREY:SMDWF - Post Discussion

VIDWRX INC > Warrants
View:
Post by HPD on Feb 26, 2016 10:46am

Warrants

The conversion of warrants brings in about 900k to the company if my calcs are correct. I wish they would have stated in the nr how much money they got for the conversion. I'm sure these guys with the warrants where not happy campers and agreed to convert them to get cheaper shares and warrants to make up for the loss and lower their pps. My bet is news to follow soon. Anyone confirm my calcs? 
HPD
Comment by CDJ9292 on Feb 27, 2016 6:49am
At then bottom of page 3 of 36 on the short form prospectus there is a table that states "Net Proceeds to the Corporation"  that totals $1,263,400 Price to Public - Finders Fee $1,340,000 - $76,600 = $1,263,400 One page lower on point #6 it mentions "fees and expenses" in connection to filing and preparing the short form prospectus totalling $123,400 of which $31,152 ...more  
Comment by HPD on Feb 29, 2016 8:32am
Your numbers look good as per prospectus. My number was what i thought have been exercised so far but maybe all have been?  As far as warrants/ shares at 1.5 cents i have never seen that......total b.s. and  Biggiesmall you should sell.....nice try
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