Saturday, February 03, 2018 9:56:05 AM
1. Appears total number of new shares to be issued is in line w/ the current number of shares outstanding. (Approximately 30 MM shares)
2. Par value of new issuance is 0.01. Market value TBD.
3. When you account for dilution (preferred stock and Co management incentive plan), the "Recovery" for existing common share holders is weighted more so to the Warrants. (4,252,000 New Common Stock Shares vs Series A and B Warrants (7,245,000 and 5,748,750 respectively))
4. Exact terms of the Warrants is TBD.
5. Exchange: NYSE
6. New Symbol: DHCP
7. Effective Date: TBD/Near Term
Note: The one thing I am uncertain of is the "Participation Date". Which is at what date are they using to recognize holders of common stock to be awarded the new issuance. File Date, December 31st or the Effective Date?? My gut says Effective Date. But obviously they have already pre-determined a total number of new shares to issue and effective date is yet to be determined.
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM