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Maybe. They have the option of doing $100k or multiples thereof....

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    lightbulb Created with Sketch. 477
    Maybe. They have the option of doing $100k or multiples thereof. So they might only do a portion.
    And you might get 1.7c instead. I've not done the full calculation on 30day VWAP.

    But you have to protect against the downside, hence the 'worst case' dilution calculation.
 
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