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Friday, February 09, 2018 11:11:20 AM
WDDD did not sell any stake in merimed! It seems we were correct!
Once again, incorrect.
From 10-Q: "During the quarter the Company sold 120,472 shares at an average price of $0.49 per share raising $58,654.57. The proceeds from the sale was treated as a gain on sale of marketable securities in the financial statements."
With another 6M shares at $1.14.
How long do you give it for warrant holders to shove this down to four cents again?
Just as those noteholders weren't converting to equity for fear of diminishing the value of their equity, the warrant holders will not push the price down of WDDD because it will directly reduce the value of their equity. These are WDDD shareholders since day 1, whose stake in WDDD is likely pennies to their entire portfolios. Not people who invested in WDDD for a 100% return. Doubtful they will be selling.
debated vehemently
It was good debate back in October/November about whether the notes in default would be converted to equity (dilution). They were not. WDDD no longer needs financing with the $2M or so of equity turning into $7M in equity with the MRMD run-up. No one here was talking about warrants 3 months ago - including you.
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- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/15/2024 08:47:52 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 12/19/2023 09:30:21 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/11/2023 06:34:14 PM
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