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Re: justdafactss post# 110705

Tuesday, 08/25/2020 1:47:53 PM

Tuesday, August 25, 2020 1:47:53 PM

Post# of 233480
Even adjusting for all the CF in 1Q: Stockholders’ equity based on only public filings (10K) -$2.5mm + 7.8mm warrants, + 10.8mm warrant/stock options exercised + 9.5mm conversion of debt to equity = $25.7mm stockholders equity. Well that’s great but the 10Q is going to be ugly. Last Q they lost $35mm from operations and this Q they will have at least 2mm of inducement expenses and finance charges. So you’re at a $37mm loss which gets them to -11mm 1Q Stockholders’ equity + any change in fair value of derivatives, which won’t be more than $16mm.
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