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Bullboard - Stock Discussion Forum SciQuest SQI

"SciQuest Inc provides cloud-based business automation solutions for spend management. Its offers procurement solutions, spend analysis solutions, supplier management solutions, contract lifecycle management solutions, & accounts payable solutions."

NDAQ:SQI - Post Discussion

SciQuest > Quick Comparison
View:
Post by JustAnotherGuy on Aug 11, 2010 3:37pm

Quick Comparison

A quick comparison between last year's PP and the new (increased) PP:


Private Placement - December 10, 2009

- 4,000,000 common shares @ $.35 = $1,400,000
- 2,000,000 warrants @ $.60 = $1,200,000

Total (full dilution): $2,600,000 by issuing 6,000,000 common shares.

Private Placement - August 9, 2010

- 3,333,333 common shares @ $.75 ~ $2,500,000
- 4,615,385 common shares @ $.65 ~ $3,000,000
- 2,307,692 warrants @ $.75 ~ $1,730,769

Total (full dilution): $7,230,769 by issuing 10,256,410 common shares.

Private Placement (Increased) - August 11, 2010

- 5,333,333 common shares @ $.75 ~ $4,000,000
- 5,384,615 common shares @ $.65 ~ $3,500,000
- 666,667 common shares @ $.75 or 769,231 common shares @ $.65 ~ $500,000
- 2,692,308 warrants @ $.75 ~ $2,019,231
- 384,615 warrants @ $.75 ~ $288,462

Total (full dilution): $10,019,231 to $10,307,692 by issuing 14,076,923 to 14,564,103 common shares.


Guy
Comment by zadman on Aug 11, 2010 3:59pm
Any clue Guy what the company expectations are on how long this $8MM will carry them?Are we good at least until the 2nd half of the 2011 drilling season?Zad
Comment by JustAnotherGuy on Aug 11, 2010 5:05pm
Hi Zad,No clue yet, but I will bring it up when I contact Jasmin Tamdoo (the new SQI IR) again.However, I did ask her about the timing of the PP (because I was wondering about it myself), and she told me that the reason for the timing was due to the fact that SQI was offered a good opportunity to finance with a number of institutions, and that it was determined that it would be best to proceed ...more  
Comment by JustAnotherGuy on Aug 11, 2010 6:26pm
Regarding your last question, Zad, I was told that based on the current budget and exploration plans, the funds of the new PP are expected to last through Q2 of 2011. So, in other words, they should last for about a year.Guy
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