HC,,others too...
So let's go over this one last time.Per filing paragraph.
On June 10, 2020 we completed an offering of 6,500,000 Common Shares, 11,500,000 pre-funded warrants (each, a “June 2020 Pre-Funded Warrant”) and 9,000,000 Common Share purchase warrants (each, a “June 2020 Common Warrant”) at a price of $1.00 per Common Share and June 2020 Common Warrant or $1.00 per June 2020 Pre-Funded Warrant and June 2020 Common Warrant, resulting in total gross proceeds of $18,000,000 ($16,400,000 net of estimated closing cash cost including cash commission described below). Each June 2020 Common Warrant is exercisable to purchase one Common Share at an exercise price of $1.00 per Common Share for a period of four (4) years following the date of closing of the offering. Each June 2020 Pre-Funded Warrant is exercisable to purchase one Common Share at an exercise price of $0.0001 and will expire when exercised in full.
Buyer of offering got 6,500,000 common shares.FOR the time being which is not over 4.9% of percent in TMDI....AT some point down the road,they can exercise the 9,000,000 "common share purchase warrants",if they do so then they would be over the 4.9% ownership and would have to file in legal time.THEN WE WOULD KNOW....
Lastly,same offering buyer was issued 11,500,000 pre-funded warrants.....According to what Scalpel posted those pre-funded warrants DO NOT GET COUNTED TO BUYERS percentage holding in TMDI and TMDI still got the monies upfront. So,buyer of offering remains hidden legally until it's holding exceed 4.9% of TMDI.
Does this sound legit to everyone....
Thanks Roll
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