Somebody please explain to me the mechanics of the "IPO" (weird term to use for a company that already has shares trading publically). The shares sold in the IPO are derived from the warrants. Who gets the capital from the shares being sold to the public? The F2's or the government? Does anybody really believe the government is going to allow the F2's to have the capital raised from selling these shares derived from warrants? Or are the shares sold in the "public offering" new shares beyond the shares the governmnent gets from the warrants. Somebody please explain how this "public offering" is going to work.
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