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Sunday, November 14, 2021 11:05:09 PM
After the offering, assuming all the shares 498,587,336 is sold at a price of US$0.6017 per share NAKD’s new total share count will be 1,408,291,834 outstanding immediately following this round. So, if my math is right on a 30/70% deal we’re looking at Cenntro having 3,286,014,279, NAKD is at 1,408,291,834 with a grand total of 4,694,306,113 issued and outstanding.
Also, we all know this probably has to be split so it can advance to the next level because the stock has to be above $5 for a few days, correct?
Here is a logical suggestion it the stock shouldn't go there on it own.
23 for 1 works perfectly!
Afterwards not too many shares outstanding that will be in the way of a secondary offering of several billion dollars that will be most likely needed. Plus, it plays off Rivian perfectly for an underwriter who may need a market comparison for the next round.
The offering memorandum has been going on for a while too I see.
PROSPECTUS SUPPLEMENT
(To prospectus dated May 18, 2021)
Plenty of time to raise what $30 million since May 18th 2021
Looking mighty weak boys!!!
Ok, the balance of $300 Mil - $271Mil = $30 Mil+/- since Nov 12th'ish
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