Post by
15Stanmore on Mar 15, 2021 11:06am
New issued and outstanding share count
Based on the announcement that 1,410,057 warrants were exercised by March 12, 2021, and the early announcement of treasury shares issued in lieu of salaries, the new total for the issued and outstanding share capital of Verde Agritech is now:
50,416,015 shares (versus 48,444,803 at December 31, 2020)
CEO Veloso's personal holdings have increased to 9,451,547 common shares and 2,142,308 share options expiring in 2028, 2029, 2030 and 2031. His current shares represent 18.75% of the new figure.
On a fully diluted basis he would hold 11,593,855 shares of a revised total of 52,558,323 issued and outstanding shares which would represent a 22.06% ownership position.
Comment by
figtrader on Mar 15, 2021 11:14am
Notwithstanding the leadership C Veloso has demonstrated and I hate to say anything negative about the company, but I find the 2031 warrants particularly over generous at a price of $1.22.