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wingtrade

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wingtrade

Re: MTLTrader post# 37160

Tuesday, 02/09/2021 2:41:16 PM

Tuesday, February 09, 2021 2:41:16 PM

Post# of 44217
363M/85.7 = 4.235M O/S
PLUS the new issuance assuming it is filled = 1.8M new shares
So... 4.235M + 1.8M = 6.035M new Outstanding count
Add in the warrants (if they're exercised) and the 270K 45-day over-allotment... and you come to a total fully diluted O/S of 8.375M shares.
Keep in mind if the warrants and 45-day option are all exercised then that puts another $10 or $12M cash in the company's B/S.
That would bring the fully diluted market cap to just about $50M @ $6/share.
Anyone correct me if I'm wrong.

all my posts are my opinion only. always do your own research.

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