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Post# of 251791
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DewDiligence

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DewDiligence

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Re: WorstLuck post# 208327

Tuesday, 01/24/2017 12:48:47 PM

Tuesday, January 24, 2017 12:48:47 PM

Post# of 251791
AQB valuation correction to #msg-127990660: The number of basic shares outstanding as of 1/5/17 is 8.88M, not 6.46M as stated in my prior post. This is because the financing transaction announced on 11/7/16, in which XON purchased 2.42M shares of AQB for $25M, was not actually consummated until AQB obtained its Nasdaq listing on 1/5/17. Apologies for the prior misstatement regarding the share count.

In other respects, the discussion in #msg-127990660 still pertains. AQB's the cash balance at 12/31/16—on a pro forma basis including the $25M received from XON—was about $28M by my calculation.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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