wait 500 million increase A/S + the overhaning 10 million C prefs x 25 common = 750 million potential dilution
Yes I understand the 250 million commons via the C prefs will be highly likely delivered via the 500 million increased A/S, but that is not the reality as of today, we dont know that 100% for sure.
So 750 million / 1200 = 63% dilution hanging in the balance with no clear path forward. That's NWBO
what I hope is the C prefs have been sold already to a BP or will be sold soon at 5$ and delivered via the increase of A/S but I'm starting to have my doubts