EFIR stated in their 8-K last night that their puts will be sold to their new JV partner at a 92% discount based on the two lowest prices of their stock over the course of the next 5 trading days. This means that the co is going to want to boost their pps as much as possible in order to get a premium for their puts from their new JV investor (who by the way is going to buy $55 million worth of equities over the next 36 months). The importance of this is that it is pretty much guaranteed that there will be no dilution for at least 5 trading days as the company will want to increase its pps. It also means that there really is no reason to dilute the pps after those 5 days because Southridge Partners is going to be buying up to $55 million worth of their equities providing them with plenty of capital. With such a low float we could really see a big run on EFIR for at least the next 5 days imo not to mention that with such a massive equities purchase this pps should climb nicely for a long time. EFIR could be a game changer.
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