InvestorsHub Logo
Followers 4
Posts 863
Boards Moderated 0
Alias Born 02/10/2016

Re: None

Tuesday, 06/25/2019 12:29:50 AM

Tuesday, June 25, 2019 12:29:50 AM

Post# of 63559
Proxy share count shows dilution of 1,089,972 shares since mid-May.

From 10-Q:

The number of shares of registrant’s common stock outstanding as of May 14, 2019 was 26,656,787.



From the proxy materials:

You are entitled to attend the meeting and vote your common stock if you held shares as of the close of business on June 21, 2019. As of June 21, 2019, there were 27,746,759 shares of common stock outstanding and entitled to vote.




This also means that the warrant conversion adjustment has likely taken place. I suspect the sales of shares happened in conjunction with the PR the other day. Once someone who owns warrants get's confirmation of the new conversion it will be possible to know how much money the company raised from this.

Don't forget to vote to increase stock compensation!