CYDY sold 84.5 million units, which resulted is the issuance of 84.5 million shares and 63,375,000 warrants. That’s a total of 147,875,000 shares issued for a net of $19 million to the CYDY ($21.8 million minus Paulson’s 13% cash fee). CYDY also owes Paulson another 19.4 million warrants for the transaction (13% of the total stock sold including warrants), which will come out of the 350 million that’ll be approved this month.
With the above information from the 8K, we can estimate the potential cash CYDY can raise using the 350 million shares. I’ll use 300 million as an example.
At a similar cost per unit, if CYDY sold 171,500,000 million units (1 share plus 3/4 warrants), they would net around $43 million in cash. This would require the company to issue 300 million shares total. Another 39 million would be required to cover Paulson’s 13% fee.
Considering CYDY owes Paulson 19 million shares, leaving only 330 million remaining, I’d say they can only use 250 million to raise funds. The other 80 million is needed to pay Paulson for fees, for compensation and the rest for a rainy day or a trip to London.
“Technically they’re asking for less than the previous request “…LMAO!
That comment explains a lot and is oh so inaccurate! The last increase was a 25% dilution, going from 800m to 1 B shares. The new request is a dilution of 35% going from 1B to 1.35B shares. Math does not lie.
The latest raises were at a substantial discount to market(.85) then additionally discounted for Paulson’s 13% commission.
The fact that Cydy will yield much less from 75% MORE shares is a VERY BAD THING. Oh the spin attempts.
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