Hi Everyone ! Wanted to get some perspective on a few things. Based on the most 2 recent documents filed by SSEIQ in July. It looks like the following:
Common Shares = 90,000,00
Debt to Equity = 1,100,000,000
New Common Share Price = $12.22 (approximately )
New Warrants 20% of Common Shares = 18,000,000
Current SSEIQ outstanding stock = 58,968,000
Warrant per share exchange = 3.27 current shares for 1 warrant. I based this off of the new warrant amount.
Warrant 1 - 5 year : strike price =
1.788 billion / 90 million shares = $19.77
Warrant #2 - 7 : strike price =
2.5 billion / 90 million shares =
$27.77
I could be totally wrong with my numbers and assuption but what i would like to understand is what's the fair market value of our warrants? I know you use the Black Scholes formula but I don't know what the volatility factor would be .
Thanks !
