Spectra7 Microsystems Inc (SEV)

[prototype_101]

so let's examine the PP a bit, so the purchasers of the PP get,

$0.10 per Unit (CAD) >> the unit is one share and one warrant

Each Warrant is exercisable immediately and entitles the holder thereof to purchase either: (i) one Common Share; or (ii) if the Share Ownership Threshold would be exceeded by a Subscriber as a result of the exercise of their Warrants, one Pre-Funded Warrant, at an exercise price of $0.11 per Common Share or Pre-Funded Warrant until June 13, 2029


Ok So in theory the purchaser could have already exercised the warrant today for .11 CAD and sold it in the market for Bid .13 CAD and pocketed .02 CAD and a FREE SHARE to boot!!

Good deal for the purchasers!!

Now let's try to calculate a "fair valuation" of the cost of the Unit .10 CAD as broken out by Share & Warrant, and since the Warrants are only a Penny above the Shares and exercisable immediately I would say the following is a fair breakdown of the value of the Share at .06 CAD and the Warrant at .04 CAD for a Total Unit value of .10 CAD

I used the info on "Units" from here
https://www.spectra7.com/spectra7-announces-closing-of-pp-for-1-8-million

So it looks to me that the Purchasers of Units have already basically doubled their money at todays PPS of .14 CAD (Bid .13/Ask .15)