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croptop

08/13/13 9:18 AM

#2059 RE: manfromjax #2058

market doesn't like? Is it really showing 1.65 pre-mkt?
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ou71764

08/13/13 9:19 AM

#2060 RE: manfromjax #2058

I've only had about 5 minutes to look at this. It appears the dilution including the warrants is around 20%. So for someone to sell at 1.63 pre-market, they must have thought the company was barely worth $2 before this financing. Plus the company now has cash to work with.

While I wish I had waited to make the last few purchases that I did, I don't think it's a bad financing arrangement. I think the sellers pre-market will end up regretting it.