Replies to post #12871 on DarioHealth Corp (DRIO)

[Vaffan-Coulo]

"So nothing wrong with the S-1 then besides the obvious..."???

Yeah, the "obvious" that the "private investors" who provided liquidity not even three months ago:

take my DRIO stock PLEASE

...apparently are wanting to "get the hell out of Dodge" -- so to speak.

What I'm curious about is -- how did this back in February:

"In total, in the Offering, the Company issued to the Buyers 9,064,222 shares of Common Stock and Warrants exercisable for an aggregate of 4,532,114 shares of Common Stock, divided evenly between Series A Warrants and Series B Warrants."

...become THIS now:

"...11,286,444 shares of common stock issued in connection with our private placement which had an initial closing on February 25, 2015 and a second closing on March 16, 2015 (which we refer to as the February 2015 Private Placement), (ii) 2,821,613 shares of common stock underlying our Series A Warrants issued in the February 2015 Private Placement and (iii) 2,821,613 shares of common stock underlying our Series B Warrants issued in the February 2015 Private Placement."

Have they been "breeding" the stock certificates? Because NOW the "private investors" seem to have an additional 2.2 MILLION shares of stock!

Also curious is that back in February, the warrants were exercisable for 4.5 MILLION shares of stock, but NOW they are exercisable for 5.6 MILLION shares!

Did DRIO manage the magical transformation like this:

SHAZAM

...or did they use some OTHER less dramatic, more nefarious means? I wonder whether DRIO shareholders would like an explanation.