Neovasc Inc (NVCN)

[mario3349]

As to continued dilution... more on the way. From NVCN statements on April 30, 2018: "10,273,972 Series C Warrants were originally issued in the 2017 Public Transaction, and 2,192,748 remained issued and outstanding at the close of business on April 24, 2018. Each Series C Warrant may be exercised at an exercise price equal to US$1.46 (subject to adjustment) at any time prior to 11:59 p.m. (New York time) on November 18, 2019 for a Series C unit (a "Series C Unit"), with each Series C Unit being comprised of one Common Share, one Series A warrant (a "Series A Warrant") and one Series B warrant (a "Series B Warrant").

At the close of business on April 24, 2018, there were 1,251,641 Series B Warrants outstanding and 2,192,748 Series B Warrants issuable upon exercise of the remaining Series C Warrants outstanding, if those Series C Warrants are exercised, 33,757,592 Series A Warrants outstanding and 2,192,748 Series A Warrants issuable upon exercise of the remaining Series C Warrants outstanding, if those Series C Warrants are exercised, 22,431,507 Series E warrants (the "Series E Warrants") outstanding and US$29,525,000 aggregate amount of senior secured convertible notes (the "Notes") outstanding. There were no Series D or F warrants outstanding or issuable at the same date.". Enjoy it while it lasts, this will be well over 2 billion shares issued when done. No way it even stays at $0.04/share, it will fall, a lot! IMO