The latest 8-K:
It's 226 million for the first set of warrants to the institutional investor
then
125 million for the unsecured note/warrants to the other investor
plus
Our 60, 30, or 15 million
So in a 1 for 5 RS we have a new OS of ~130,200,000 (Current shares being 60 million of those)
In a 1 for 10 RS we have a new OS of ~65,100,000 (current shares being 30 million of those)
In a 1 for 20 RS we have a new OS of ~32,550,000 (current shares being 15 million of those)
Important to note that is assuming none of the convertible debt converts to shares! This is something that the market will probably still price into the pps.
A 1 for 5 RS works. Also, the market cap sits at ~$57.1 million after all of this at our current pps. As I've always said, anything over a 1 for 10 would scare me off and still would.
Over half the company's equity has been traded away for this debt resolution and there is still convertible debt available to them. That being said, they are incentivized to handle it responsibly and company financials should tip us off further on how to digest all this.
I'm fascinated to see how the PPS reacts tomorrow. I can see folks who understand all this reacting differently. The convertible shares are still scary and the risk they bring may be a pps mitigator until financials come out. Good luck!
