Ok, let's get a little more specific,
Authorized for 300 million shares, say 100 million shares outstanding
Want to raise 75 million in cash.
Cheapest price possible is what, .375
Which is where we are now, more or less.
Also remember, 80 % of those 100 million shares are held by insiders, the original Seawind Falak owners.
If we get diluted, they get diluted also.
Am feeling a little better today than before, the prospects of making some decent money here is good, but if they actually create the company they are proposing there will be a tempation to hold a large number of shares for as long term investment.
Hopefully this will all unfold within 2 months, meanwhile the rollercoaster ride continues.....
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