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Friday, January 20, 2017 5:04:56 PM
Michelpro has warrants for 761,538 shares (24 months) at $0.25 and another 761,538 shares (36 months) at $0.40.
In the future Michelpro will exercise those warrants and the shares outstanding will increase from 139,255,474 as of Dec 30, 2016 to 140,778,550. Dilution of 1%.
A typical penny stock would have issued 100,000,000 more shares with 200,000,000 in warrants to raise enough capital to manufacture and distribute the product in house. IMHO that's a mistake. Instead, OWCP is letting 2 companies that are already in the business of manufacturing and distributing products to do so for a share of profits and for these warrants. To me that is a sign of the intelligence and foresight of the executives. They are moving the company forward with minimal impact on existing shareholders.
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