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Post# of 249131
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player1234

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player1234

Re: player1234 post# 242237

Friday, 05/22/2015 7:16:28 AM

Friday, May 22, 2015 7:16:28 AM

Post# of 249131
Dilution is 24.5%

Offering:

7.3 units each consisting of 1 share and a warrant for 1/2 share = 10, 950,000 shares.
Underwriter option of 1,095,000 shares and warrants for 547,500 shares.
The underwriter has exercised this option.

Total number of new shares is: 12,592,500

Previous outstanding share count was 51,349,534

12,592,500/51,349,534 = 24.52% dilution

That's a high price for continuously missing goals.

Being "wrong" has been extremely profitable.

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