Only on the OTC market could one offer such discounts to shareholders , essentially discriminating against current shareholders or shareholdrs whom weren't offered the deal.
I would think this would hurt CYDY's chances of up listing with this prejudicial deal.
However, CYDY needs the money so probably the right thing to do; beggars can't be chooser.
Warrant TO: 212.97M Shares for $56.79M or $0.2669/sh
80/3=40/1.5=56.59/212.97. You have posted the same thing three different ways and it is still wrong.
Last year when the stock was trading in the 60c range, they made a warrant exercise offer at 50c, 10+ cents cheaper than the share price. Yet very few participated in the offer. According to your math above, that offerings would have also been a steal. I mean if the share price is 60c+ and I can buy shares at 50c, why not? Why did people not participate last year? Seems like free money with your math. So why not last year?
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