Followers | 834 |
Posts | 120201 |
Boards Moderated | 17 |
Alias Born | 09/05/2002 |
Friday, August 14, 2015 3:40:48 PM
At 6/30/15, MNTA had 68.8M basic shares issued (http://www.sec.gov/Archives/edgar/data/1235010/000110465915055823/a15-11889_110q.htm#CONDENSEDCONSOLIDATEDBALANCESHEE_065610 ).
In the 5/19/15 SEC filing for the public offering (http://www.sec.gov/Archives/edgar/data/1235010/000104746915004924/a2224849z424b5.htm ), MNTA disclosed 7.9M options issued at an average exercise price of $14.25. Inasmuch as MNTA is trading near the highest price in effect during the period in which these options were granted, I make the conservative decision to include all of the 7.9M options in my tally.
Therefore, my diluted share count for valuation purposes is 76.7M.
(I do not use the “treasury method” of calculating the diluted share count, which reduces the share count according to the price at which options are exercisable, because the straightforward method of counting all options without adjustment gives a more realistic view of the number of shares that would need to be cashed out in a buyout at a typical premium.)
“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”
Kona Gold Beverages, Inc. Announces Strategic Initiatives and Corporate Direction Changes • KGKG • Aug 2, 2024 2:00 PM
POET and Luxshare Tech Expand Product Offerings for Artificial Intelligence Networks • POET • Aug 1, 2024 9:28 AM
Management Discusses Financial Filings of Global Arena Holding Inc., for 10-K 2023 and 10-Q, 1st Quarter 2024 • GAHC • Aug 1, 2024 9:14 AM
VAYK Announces LOI to Acquire $1 Million Home Service Company to Support Airbnb Business • VAYK • Aug 1, 2024 9:00 AM
Duane Forrester Joins INDEXR as SVP of Search • MONI • Jul 31, 2024 11:46 AM
Lingerie Fighting Championships Help Fulfill Death-Bed Promise With First Major Motion Picture • BOTY • Jul 31, 2024 9:00 AM