Angelo,
I was trying to locate that exact paragraph and now cant find it. However, going on memory only, Yes, you read that correctly that he would forfeit the warrants for exceeding the 10% purchase. HOWEVER, I think the next paragraph or line was an exclusion that stated "Unless so agreed upon by the company"
When I read that, I took that to mean that as long as the company was in agreement to purchase more than 10%, they would honor the warrants. This was plausible in my mind if he wanted a "friendly" accumulating a large stake rather than say another.
lets face it, The company already knew he purchased around 6% back in October. had they not wanted him to have such a large stake I think they wouldn't have made a direct offering to him for the additional 8.6 million shares and warrants. They would have just made it a public offering.
again, this is going off memory as yet I have no been able to relocate the paragraph.
as for your thoughts on Regabatin, I would take either of those two deals and that's exactly, why I think they may not be so worried about funding in the near term.
You mentioned once before about my comment "why would they give away 30% for the company for 5 million" and you said think about it. Well, I came up with 2 possibilities. 1. they wanted that friendly to have a large stake to avoid someone else from buying them up on a public offering or 2. they knew they had multiple suitors for Regabatin for numbers like you and I think are possible. They needed time to properly choose. those offerings bought them enough time so they can maximize the deal. They needed cash to get them through to July or August. Now that gave them months to get the deals back and choose. If they are as You and I think with a nice upfront, that payment will be through to get them through to mid year 2019 and then thats enough time to finalize Rexista and sign that deal which should get them through year end 2019. by that time the generics and or Rexista should be bringing in revenue. so they gave away 30% knowing it would be the last they would need to raise.
so, how did I do? LOL
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