In my analysis, down this rabbit hole, this explains BCS' s assertion that all of the 325,000,000[?] allowed shares will be sold. These shares will manifest from the pen of the BOD in the form of preferred shares delivered into the hands of the acquiring entity.
Would someone be willing to feed my laziness and tell me how many shares are already floating when employee options and preferred shares are included?
Would someone care to either declare or, in the absence of certainty hypothesize, whether or not the total number of common shares created by conversion of the yet to be written preferred shares can exceed the 325,000,000[?] shares cap?
I have no idea whether the 56% of shares controlled by the family number is accurate. I have yet to see anything but one hearsay antidote repeat by several contributors to this MB that the family even exists (it does fit into my general understanding of the 21st century's gentry and it's equivalent definition of "landed". We are talking the Rothschilds and their minions controlling the keys to a cancer free longevity). But I digress!
If, for only the purposes of entertainment, we choose to believe that around 110,000,000[?] shares are already controlled by a cabal, and that the total number of common shares allowed will be capped at that 325,000,000 [?] number, then the back of my envelope looks like just about all the allowed common shares will be created in order to provide a majority holding for the acquiring, unilluminated, entity.
Perhaps a majority of common shares is not necessary either for practical control or for the ethical bent of some group of silicon valley Promethians. Wouldn't that be nice for shareholders? They issue 1 preferred share that grants the holder to 51% voting rights but minimizes dillution at the expense of financial gain for the controller. Has there ever beem such an arrangement in the history or finance? This whole paragraph is almost certainly fantasy.
I've read on here that SK said he won't entertain any offer for less than 12BB. Can anybody verify this? If this is true and is achievable (big ifs) and we end up with 325,000,000 shares in the float, then at $12BB our shares will be worth $36.92. If Sunrise produces results comparable to the original Ph2 trial then PPHM may be worth more than $12BB.
Can't wait to see the results of this big Sunrise trial.
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