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AugustaFriends

02/09/17 5:33 PM

#381295 RE: Sumdude #381293

CETX I was reading it again, yes with the warrants which could last up to 5 years or executed after completion of the the offering _ (Last month) - then yes, I see those 2.7 Million additional. Still that's 4 million about a 40% dilution.
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matt24d

02/09/17 5:34 PM

#381298 RE: Sumdude #381293

Exactly what made me open my eyes. They offered the shares directly to their shareholders first. The CEO said "We have chosen to give our stockholders the first opportunity to purchase additional securities to maintain their current percentage ownership in Cemtrex and provide capital to us at what we believe are attractive price levels."