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manibiotech

01/15/20 8:07 AM

#259684 RE: Reefrad #259683

Fully diluted is more than a billion I think

Kauri

01/15/20 8:19 AM

#259685 RE: Reefrad #259683

I think just shy of 1billion. But if Linda has lots of warrants, then maybe 800-850mio, as unlikely to convert immediately, probably just before Bigpharma buyout for $25billion. Rightly or wrongly, I’m expecting Bigpharma collaboration & upfront $500mio or $1bio at $5 or $10 per share in short order following top line.

hyperopia

01/15/20 11:00 AM

#259702 RE: Reefrad #259683

1,072,622,133

From the prospectus dated 01/03/2020:

Shares of Common Stock Outstanding After Offering:   618,455,638
Shares of Common Stock subject to outstanding options: 101,658,932
Shares of Common Stock reserved for issuance upon exercise of outstanding warrants: 352,507,563