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Re: A deleted message

Monday, 02/12/2018 7:26:07 PM

Monday, February 12, 2018 7:26:07 PM

Post# of 715115

Except as indicated by the footnotes below



Here is the footnote for LP:

Consists of (i) 1,572,200 shares of common stock held by Ms. Powers; (ii) 804,145 shares of common stock held by Toucan Capital Fund III, L.P.; (iii) 2,211,784 shares of common stock held by Toucan Partners, LLC; (iv) 13,684,294 shares of common stock held by Cognate BioServices, Inc.;
(v) 13,684,294 shares of common stock underlying warrants held by Cognate BioServices, Inc.;
(vi) 2,941,176 shares of Series A Preferred Stock held by Cognate BioServices, Inc. and (vii) 5,200,865 shares of Series B Preferred Stock held by Cognate BioServices, Inc. Ms. Powers has voting and dispositive power over the securities owned by the Toucan entities and Cognate BioServices, Inc. Ms. Powers’ beneficial ownership excludes an aggregate of 81,420,410 warrants held by Cognate BioServices, Inc., subject to certain beneficial ownership limitations.



and the footnote for Cognate:

Consists of (i) 13,684,294 shares of common stock and (ii) 6,919,801 shares of common stock underlying currently exercisable warrants. Linda Powers holds the voting and dispositive power over the shares held by Cognate BioServices, Inc. Cognate’s beneficial ownership excludes an aggregate of 81,420,410 warrants owned by Cognate, subject to certain beneficial ownership limitations.
Cognate and the Company have entered into a voting agreement pursuant to which Cognate has agreed to vote its shares of common stock and preferred stock owned during the term of such voting agreement, in accordance with the recommendations of the Company’s Board with respect to any amendment of the Company’s certificate of incorporation as the Board may deem necessary or appropriate to increase the Company’s authorized common stock or preferred stock.



I'm pretty sure the preferred stock is NOT part of the outstanding shares at this time as they cannot be bought or sold in the market. Which means that LP has more like around 20 million shares to vote, at this time.
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