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Re: ngc1624_2 post# 746

Sunday, 06/04/2017 3:00:57 PM

Sunday, June 04, 2017 3:00:57 PM

Post# of 28481
Heres a few things you should consider

Although post split, PBIO will have appx 1m shs outstanding, that DOES NOT take into consideration their fully diluted shares outstanding... which are substantially higher.

Look at their outstanding warrant and converts preferred & debt... they all convert into common and a huge part of them, if not all, will have their conversion prices REDUCED substantially after this deal gets prices. THat will also add a ton of new shares to the FD count

Lastly, expect the offering to be priced in the hole and likely discount from there. Look at the UW's track record

Good luck
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