Since you asked...
IF, and it’s a HUGE IF, they can somehow manage to get the share price up and get these warrants in particular in the money AND exercised, then theoretically this raise brings in about $45.6M USD (after 7% broker fee paid and assuming broker warrants exercised and a max raise of $20M). There is another $6M CAD in warrant money sitting there at $6.00 CAD. But they have to get the investment community excited about the future opportunity that is SPORT!
Assuming the max raise, then this puts us at 22M O/S, with 14.2M warrants O/S. Assuming no further dilution (which seems unlikely as of today), then we have a fully diluted O/S of 36.2M shares if we get acquired inside of the next 36 months. So a $5B buyout with those figures equates to a $138 share price. $2B would be $55.
Btw- It’s easy to be negative and throw a tantrum. Im frustrated as all hell but I’m committed here, as are most of us. I believe they have something very special with SPORT and I still believe it turns out well for us, as evidenced by my numbers above. The financing has been a cluster F for years. Let’s see what they can do in the next 4-5 months to bring the share price up...
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