InMed Pharmaceuticals Inc (INM): "The Company has agreed to grant the Und...

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InMed Pharmaceuticals Inc (INM)

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Re: CashCrisis post# 2702

Friday, 04/21/2017 12:41:38 PM

Friday, April 21, 2017 12:41:38 PM

"The Company has agreed to grant the Underwriters an over-allotment option (the "Over-Allotment Option"), exercisable in whole or in part, for a period of 30 days from the closing of the Offering (the "Closing"), to offer at the Offering Price an additional 15% of the number of Common Shares sold in the Offering, solely to cover over-allotments, if any, and for market stabilization purposes. "

So I guess your saying they get 15% option of all the new shares plus a 7 or 8% fee. mmmmmm.

Translation. After they sell all the new shares they will dump another 15% within 30 days.

Don't hit me with your Negative Waves. Say something riotous and hopeful.

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