InvestorsHub Logo
Post# of 174512
Next 10

SC8

Followers 15
Posts 5086
Boards Moderated 0
Alias Born 10/31/2019

SC8

Re: Roofus post# 148648

Wednesday, 07/27/2022 10:24:19 PM

Wednesday, July 27, 2022 10:24:19 PM

Post# of 174512
As others have mentioned dilution was 15 million shares. This raised ~$1.2 million. RDGL now has ~10 months cash on hand which is good news. There's also ~50 million remaining unexpired warrants of ~$0.067/share average, which I sure hope are exercised. And it looks like the remaining 35 million shares from current Reg A are being held back for a post IDE approval offering, although I wouldn't be surprised if some or all were sold as a hedge into speculation after IDE submission, as was done into the BDD speculation.

So current share count + warrants expected to be exercised upon IDE approval + remaining Reg A = ~443 million share count expected post IDE approval.

Then assuming remaining Reg A shares come with warrants and positive initial human trial data a couple years post IDE approval (or sooner, depending on patient recruitment), would bring share count to ~478 million before an expected offering to fund larger human trials. Of course, RDGL would be a buyout candidate at that point.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent RDGL News