BioPower Operations Corp (BOPO)

[Laster]

For me that news release is very deceiving.
Maybe I am reading it wrong but I don’t think so.
I have been following BOPO for years and was going to buy some Friday but wanted to do some more DD on this deal.

POWGEX won’t buy $50 million of BOPO at $6.67 (which would indicate absolutely no dilution when this agreement is fulfilled) because BOPO will need to first raise $450 million to satisfy the agreement. That would cause huge dilution and therefore make that $6.67 a ridiculous estimate.

JMO.