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Re: cjstocksup post# 1207

Wednesday, 11/01/2017 11:40:12 AM

Wednesday, November 01, 2017 11:40:12 AM

Post# of 52237
Thanks for the heads up this could potentially drop hard. Depend on how they close that deal and how much the new shares will be offered.

We're looking at roughly about 4 million new shares and the deal was some 27 million to buy into MP. We could calculate the potential price of these new shares but need to read over all the sec filings to verify everything.

Things like how much cash HMNY have so far and how much more do they need to complete the 27 million deal.

HMNY will be advancing 11.5 million to MP which means they need another 15.5 or so. It's up to Ted to deal with the investors. Maybe they agree to buy in shares at current level, but if Ted offers news shares at 3-4$, he's going to potentially kill a lot of longs that are holding from this level. If Ted was able to raise money at close to current PPS, maybe we end up less than 13 million shares out when the deal close.

If they need about 16 million dollars offering 4 million shares to close the deal. We could be looking at a 4$ per share. That would be ugly.