AI
Friday, December 01, 2023 11:16:32 AM
Share prices will not matter concerning dilution.
They could use the last closing price, but they also could set 1 common = $1.00 before dilution. So you are right.
But psychologically, using $1.00 per common works better if the commons traded at $0.70 before. If they were still at 2.50$, using 1.00$ might be considered offensive
Most important is that the trading is halted, so they can do whatever they want.
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