3.18mil at .40 =7.95 mil shares to hit the float. $9 mil total $6 mil at .40 approx 16 mil shares and 3 mil at .19 is another 16 mil shares. 16+16=32 mil shares to hit the float. Float was 47 mil in May now its increased by a whopping 80% to 79mil. Thats a min could be more depending on the terms of the financing. Top news out Dilution Dilution Dilution.
Free easy money for management to spend spend spend. I see the risk of following the same ole stale aquire/ dilute play book. Shareholders are the ones paying for the 9mil financing.
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