Capstone Green Energy Corp (fka CGRNQ)

[mappamondo]

warrant deal

Captn, Bill, my head spins since i have to add accounting concepts to my poor english

what i understand is "Holders agreed to exercise the warrants at the existing exercise price of ..."
so they had a right to buy shares at certain prices and they did exercise their right.

total paid was $14 millions but the fee capstone had to pay was $2,335,938 so it had a net revenue of $11,2 millions

this explains me two things

1. added 12,5 millions shares and $11,2 millions. I did my math and i can say the fair value after diluition could be in the $1,55 - $1,60 range

2. the 2008 Holder paid $1,60 a share to exercise his warrants. with a price below that level the Holder would have bought his shares on the market giving up his right to exercise warrants. This would mean no money for capstone, and you know what happened to the price friday 4th with no news. just broke above $1,60 eh!

that is what i understood, and i am sorry if i wrote just non sense sentences, i'm working hard on my second language