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Friday, January 15, 2021 11:38:53 AM
Actual shares issued will vary, among other things, depending on the conversion price of our Series B-2 preferred stock
Are the preferred stock holders speculators or financiers? Are they betting on Brilacidin's success at treating Covid, or was this just a fast loan shark type deal? It would make sense after the 2nd tranche to have the PPS above .35 or else it would seem wise for the preferred holders to convert prior to then. It's in the prospectus and all the triggering events and the vwap conversion price
Are you able to read the Certificate of Designation on NV SOS Filed Dec 7th?
the above is all IMHO (consider this my safe harbor statement)
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