One last point that I think worth a mention, the PIPE is actually an improvement to the previous one with Vellar's 20M shares for $10M. Vellar obviously is bitter about it (they got outbid is one way of looking at it) but they got paid $500k in compensation.
In terms of what's avail right now there will just be about 2M shares at market if there's even an inclination to sell, which I doubt. There will be more once PIPE investors get theirs issued. So around 10M shares that can be traded at market during lockout period. Post lockout roughly 80M + if any more shares are issued out of the approved 500M.
All are dependent on what the market thinks fair value of shares, no matter enterprise valuation anyone got to, it's all dependent on market capitalisation now.
It's complex. It's more than the paper they are written on. But however you look at it, listing on Nasdaq is no easy task yet Tony/EUR did it. Cheers
One last point that I think worth a mention, the PIPE is...
Add to My Watchlist
What is My Watchlist?
