Replies to post #2416 on Nanosphere (NSPH)

[learning curve]

im a buyer, but I've been a buyer for 6 months....but I still am and they keep throwing curveball without necessity.

I had pegged $2 share recap months ago (.10 r/s) as a worse case. Sure enough they have gone in his direction if equity warrants don't exercise.
The recap price moves to ~ $2.58 if equity warrants get exercised.

I personally do not like this type of restructuring, but at same time it should be expected with companies in similar situation ( that's why it's called recap???.!.!.!.!...)

I still can't figure the leverage of the preferred since they hold a DIP loan simultaneously?
The only theory I could come up with is that if a buyout were to be occur the funders would be rewarded for keeping compmny afloat as there profits from DIP loan would become negligble.
The counter to this is the prefferred only ad weight against future investments unless there are some underlying rights that I dont understand?

It will be intersting to see if the prefferred (equity shares) exercise warrants without conversion of prefferred and; if so, how many.

My Sense is that nsph has capped internally via other "name fronts" and is ready to go.
I am cautiois in my words, but not my bet....I am all in and ad every nickle penny and dime I can find....
, but would also say that a 100 (yes one hundred) nagger is not far fetched!