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Re: None

Monday, 05/16/2022 8:42:58 AM

Monday, May 16, 2022 8:42:58 AM

Post# of 44061
The hope is that the low volume move up the end of day Friday is indicative that selling has been absorbed and we see a move up. As far as financing being non-dilutive, I don't see that being the case but the terms will be substantially more reasonable than the last financing. I reviewed a few similar financings and it tends to be at the post reverse split price.. The warrants tend to be at the same price but can be above the reverse split price.

Insiders will have to convert their preferred shares prior to the up listing. While they will own a much larger percentage of the company than any individual shareholder, they still are incentivized to keep dilution down.