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Re: NobleRoman post# 6608

Wednesday, 10/21/2020 8:02:10 PM

Wednesday, October 21, 2020 8:02:10 PM

Post# of 6773
FORION OS PT.2

That does work out close in the math too. As this post I'm responding to notes, my OS estimate of 16.5M shares notes can be checked on the percentage ownerships of MOR and HLIX: 72% for Forion would work out to 11.9M shares whereas they converted to 12.5M shares in my rough math.

And 23 percent for HLIX's cut would come to .23*16.5M= 3.8M. Very close to my 4M for rounding up for their toxic financing to fully dilute us.

I think an OS of 17M, just to round up more, is a nice safe figure for FORION to go by. With $10M in cash when it comes, minimal capital requirements, and something above $3.00.



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