Post by
bigbab on Feb 11, 2014 10:49am
Anyone know how much cash ALX has ?
I think its 75M
maybe they raise more money and then use shares ......
Comment by
pennytrading on Feb 11, 2014 10:52am
Yes, 75 millions with the bought deal ...
Comment by
pennytrading on Feb 11, 2014 10:57am
And 52 millions with equity financing ! A total of 127 millions I think, a lot of money ...
Comment by
KingFox on Feb 11, 2014 11:07am
most recent bot deal was $75M special warrants and 5.1M shares to management ($2.5M) at a price of $0.49 for a total of $77.5M. I don't think the rights offering was available to this financing, so not sure but I think it was approx. 71 M rights issued where 8 rights get you 1 share at $0.15 for an approx. dilution of 4.7M shares.