Healthier Choices Mgmt Corp (HCMC)

[ChuckBits]

My brain hurts.

Pre RS
Assume pps = .03
The b/s value is 1.075 per warrant.
20 warrants = $21.50
21.50 / .03 = 716 shares

Assume 1-70 RS
20 / 70 = .285 (post rs warrants)
1.075 * 70 = 75.25 (post rs b/s value per)
.285 warrants * 75.25 b/s value = $21.50
Pps = 2.10
21.50 / 2.10 = 10.23 shares (instead of 716)

And they still want AS of 5 billion...