Friday, July 07, 2023 1:29:11 PM
Latest SS update shows an increase in OS to 35,724,938 on 07/06/2023.
If they are getting 5% of 250,000,000 that would be 12.5 million. 50m - 35,724,938 OS would leave 14,275,062 left which currently allows for the 12.5 million 5% equity, leaving only 1,775,062 room left in the total OS for warrant holders to sell before its maxed out and locked if everyone holds.
Lets see if any warrant holders continue selling and the OS goes past 37,500,000 before the merger is completed, then they may have to raise the AS to complete the deal... lets see.
Realistically if the AS isnt raised.... this is a 50 million float only, since 200 million going to diverted river will be restricted shares.
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