I'm assuming if dean set the AS to 1.5 billion the OS will also be 1.5 billion when all this dilution is done. The OS cannot exceed 1.5 billion so 40% of that is 600 million to secure the load. That is how I see it anyways.
its 40% of the total os hey we all here have agreed that dean a good ceo ... not so good at writing pr's ..so..lol we will have to see but yeah i will agree with whoever that if we go over 900 people will get shaky... ps.. wasent it a week or 2 ago ..a couple on this board called and asked about the capping? . im all in though live or die sweep the knee jhonny but sensei what about QASP? lol
The only reason they stated the 40% of total outstanding shares in the PR is because that is what the lender will end up with after the dilution is done. Otherwise they would just say the lender gets X number of shares. The lender will get his 40% after all other dilution. Therefore the O/S number to watch is 900 mil. If it goes over that then the A/S will have to be raised again for the lenders to end up with 40%.
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