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Tuesday, July 26, 2022 8:07:15 PM
I think about 7 million As were sold, and less than a million Bs were sold.
Lots of Cognate debt were converted to As and Bs, of which all the As went to LP when management purchased Cognate (not Charles River) and all the Bs were later given up in negotiations on the debt.
So perhaps sometime in the future, those Cs will be used more extensively, but without an 8K regarding this current raise, even if there were a demand, the company will only raise what it needs to get it through to either the next paltry raise, or until the share price is much higher.
Dilution is no one's friend, including management's.
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