Replies to post #641 on IZEA Inc. (IZEA)

[Traderfan]

they just need that extra growth with 7mill approx shares there is room for a share run

Do you still do the math with 7 million shares? I told you a few weeks ago that fully diluted there are already way above 10 million shares out. Today they announced another 9 million shares and an additional 9 million warrants so on a fully diluted basis provided the warrants get into the money we are talking at about 30 million shares out already now! Just saying. And they didn't even get a lot of money with the placement today. They will burn through this money fast IMO.


http://www.sec.gov/Archives/edgar/data/1495231/000149523113000036/a8-k20130815a.htm


a result of the Private Placement, we issued 9,206,472 shares of our common stock and issued fully-exercisable warrants to purchase up to additional 9,206,472 shares of our common stock. Pursuant to the terms of the Securities Purchase Agreement, we agreed to file a registration statement with the SEC for purposes of registering the resale of the shares of Common Stock and the shares underlying the Warrants within four months after the final closing date and use our commercially reasonable efforts to have it declared effective no later than six months after the final closing date