Excellent post Arp, You forgot the addtional 225 mil warrants on top of everything else. One error though, 1.4 bil warrants reversed by 100 = 14 million (not 140 million)
BUT there could be addtional financing to get through this year waiting for revenues to ramp up. Yes we could see a series E, maybe even series F before the year is out. Which off course will only enhance the YA numbers in Arp's summary
Question for the board.
Knowing YA as we do, why would anyone think that YA would NOT fully exercise their options to rape every last penny out of this endeavour.?
NOTE: This is not about if this company will succeed, or about the MBM space taking off. I think all can agree that is happening.
Before the 8k, YA had limits of how far they could push this, and shareholders still had a relative piece of the pie.
The 8k just eliminated those limitations on YA and opened the door for a complete fleecing - regardless how successful this company could be by 2011.
A positive r/s would be surrounded by positive news. Why not do it when it is transparently obvious that it is for the betterment of all. Instead, they do it when it has become apparent there is no revenue, no licencing happening, no whales knocking at the door at this time,
I am optimistic for this company, the patents, this space, but I have lost my optimism that the common shareholder will receive their just reward for the risk taken here.
Jeff
FRAC, last sentence in your last post. How do figure YA will still have a billion shares. (warrants would be reversed also, where do you come up with a billion?)