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Bullboard - Stock Discussion Forum Lifeist Wellness Inc V.LFST

Alternate Symbol(s):  LFSWF

Lifeist Wellness Inc. is a Canada-based health-tech company. The Company leverages advancements in science and technology to develop innovative products to support human wellness and transform lives. The Company's key asset is its United States biosciences subsidiary Mikra Cellular Sciences Inc. (Mikra), a biosciences and consumer wellness company focused on developing and selling products... see more

TSXV:LFST - Post Discussion

Lifeist Wellness Inc > If this company truly need funds
View:
Post by Oban1kenobi on Sep 02, 2022 8:36am

If this company truly need funds

Can they not excercise warrants if it reached the required strike price ??

If it is that easy to pump this puppy up for a cash raise PP, is it not just as easy to bring it to within the required strike price of warrants ??

Lets see if this is truly new beginnings

GLTA, especially to those who held through this Sh!t storm.
Comment by randomtask on Sep 02, 2022 10:36am
Sorry that's not how it works   
Comment by randomtask on Sep 02, 2022 10:54am
Page 24 of the interim outlines the outstanding warrants.  There are 65.8M warrants with an exercise price of $0.47 that expire on Jan 19, 2024.  Nobody in their right mind would exercise those with the current SP and knowing that they'll be raising funds in the very near future.   Simply not a realistic outcome prior to expiry.  The likely result is a 222M share dilution ...more