To figure out if this is a "good deal" we simply need to consider what a classic offering would have resulted in as far as shares offered vs money raised.
For example: $4.5 Million raised at 25% less than market on close on Friday (2-14-14) would be .0724 per share. (good price for AMBS in such a deal actually)
62,111,801 shares at inception.
Also, in a classic raise the buyer would receive at least 50% Warrants at around 25% above market. So that would be
31,055,900 warrants at .1206 = $3.74M
So in this classic scenario AMBS would relinquish
93,167,701 shares and raise a total of $8.24M
This equals out to .0885 per share.
The current "incentive" for the early activation of the old warrants raises money at exactly .12 per share. Which raises an additional $4.5 Million, which Gerald put a cap on this as he believes this is all he'll need to get to...yep you guessed it...the Nasdaq...and oh yeah...that little P lettered word.
EVERYONE REMEMBER. GERALD IS A STOCKHOLDER TOO! He want's the least amount of shares dispersed possible to reach maximum value for each of those shares!
So I think this is an EXTREMELY MINDFUL execution by the team to ensure the longevity/strength of the company while giving up the absolute least that any sane accredited investor would possibly take for there tightly secured Benji's.
Every shareholder should be excited that Gerald got this deal done, and in-so-doing, has concreted our bright future with only risking 37M shares...all of which at .12c, are 25% above market.
It's a BEAUTIFUL thing!
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