If the next dilution was for $100 million we probably would not need further dilution for a year (or upon L approval, if that happens before 1 year). My thoughts about a $100 million capital raise would actually be bullish.
I don't think it will be for $100 million, but I could be wrong
As a point of context please note below;
Woodfords first financing occurred at $5.79
Woodfords second financing occurred at $7.40
That represents a 28% increase in the financing prices from 1st round to 2nd round.
Question if woodford financed again at another 28% increase what price would that be?
Answer = $9.47
If we get to $9.47 I will buy more, and for more reasons than that (technical support levels). But I just thought about that and wanted to share that with the board
I probably won't be able to sleep on September 15th and September 16th, as we have presentations on the 16th and 17th.
What do you think will happen if we raise $100 million?
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