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3X Charm

05/14/22 6:56 PM

#208634 RE: I_luv_cydy #208607

Paulson gets 13% plus a set aside of warrants that are not available for sale, taking them out of the pool for raising new money in the short run.

The investors are paying .85 of the traded market price plus a .75 warrant set aside to shares, that likewise can not be sold in the short run to raise new capital. This is a whopping discount of 28% off the top. For every share sold at market close of $.32 on 4/29 strike date the net was .$23 to CYDY, less the shares set aside for warrants. I don’t recall the warrant distribution to Paulson.