The dilution was required because of the conversion of warrants issued by the company 5 years ago, with the restriction that the total number of resulting shares from the conversion could not exceed 4.9% of the A/S... so they raised the A/S while they converted the shares.
I appreciate your response. I hope you don't mind another question(s)..
Was the amount of shares created by the conversion of warrants equal to the increase in the amount of shares in the O/S count? Do you know if the converted shares had any holding restrictions, or were they marketable right out of the gate?
Thanks again for your intelligent and well thought out responses. Those always contain the most useful information.
All posts are my opinion. I may be wrong, but I doubt it.
Numbers don't lie...people do!
