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Saturday, October 14, 2017 8:00:30 PM
From the cap table, Spectrum is adding 166m shares to the already 58m shares outstanding. That would be a total of 224m shares for the new OS with the majority of these shares being held by insiders. At 224m shares and a pps of .30, you get a market cap of around $67m.
My guess is that they are anticipating PPS to blow past .30, because if it doesn't, I don't see how this is worth it for those investors fronting $6m for only 20m shares in return.
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