Monday, March 29, 2021 4:26:43 AM
Currently the combined market cap of FnF is less than $4 billion.
3% cap level means $180 billion equity. FnF currently have $45 billion, so $135 billion are missing to reach the required cap level.
The missing capital must come from outside investors (capital raise), because converting the old commons (OTC) into new commons (regular) wouldn't bring a single Cent.
This would result in dilution by roughly factor 34 (= 135 / 4).
If warrants are executed - f.e. to finance affordable home programs (Brookings Institution) -, there would be further dilution by factor 5, which brings total dilution to factor 170.
Market cap of released FnF might be $400 billion (or less). Dilution by factor 170 means old shareholders would get a share of just $2.35 billion.
$2.35 billion is 60% of current market cap. So it's like old commons dropping from now 2$ to $1.20$.
If warrants are NOT executed, it is like old commons advancing from 2$ to 6$.
Please correct me if I'm wrong.
FEATURED Mawson Finland Limited Expands Known Mineralized Zones at Rajapalot: New Lens Intercepts 21.75 m at 5.25 g/t Gold & 515 ppm Cobalt • Sep 4, 2024 9:02 AM
FEATURED Integrated Ventures Acquires 51% Stake In GetTrim.Com (TM), Telemedicine Platform With Focus On Expansion Into Booming GLP-1 Powered Weight Loss Market • Sep 4, 2024 8:45 AM
VAYK Confirms Receiving Revenue from First Airbnb Property with 1.4 Million Annual Revenue Goal • VAYK • Sep 4, 2024 9:34 AM
Avant Technologies Announces Strategic Review Process Intended to Maximize Shareholder Value • AVAI • Sep 4, 2024 8:00 AM
PickleJar Launches National "Get on the Bus" Campaign, Unveils Thompson Square Tour Bus Wrap • PKLE • Sep 4, 2024 7:17 AM
Maybacks Global and Inventel Products To Launch Global 24 Hour Shopping Channel • AHRO • Sep 3, 2024 9:15 AM