SHC (ASX) SSH recent 3.8mil offering

Originally posted by Smooth2222 ↑

So Fully diluted/exercised warrants this "healthcare dedicated institutional investor " can own 75% of the company.

17,058,824 shares, 5,294,118 series d, and warrants of 22,352,941

44,705,883 possible shares.

The number of outstanding shares of the registrant’s common stock, $0.0001 par value, as of August 8, 2016 was 20,408,089, now I believe this isn't including the warrants from the .94 cent investor?

now is tis the same investor, or 2 different investors?

now this is what I don't get, and the important part.

"The shares of Series C Convertible Preferred Stock and Series D Convertible Preferred Stock are not convertible into, and the warrants are not exercisable for, shares of common stock if and until the Company’s stockholders approve the transactions"

We the shareholders need to approve this? To me this sounds like to sell the company in the future to get the approval?

They gave this "healthcare dedicated institutional investor " super cheap shares and potential 75% of the company. Are they going to be the ones that FUND the new trial next year?

They drop a PR of 10-20 mil funding/partnership/milestones and off to the races we go, and thus locking in this "healthcare dedicated institutional investor " with instant profits, Which is ok with me if this happens.

Hopefully more clarity tomorrow, which I doubt knowing this company.

everything imo and I'm sure my numbers aren't accurate.

Do you guys see what I'm getting it? Just a possible scenario.

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i doubt that is the case. no1 in their right mind would offer 22m shares at 17 cents unless they are desperate. to cancel the trials of ur main product , and to buy a product which is more than likely wont hit ur revenue targets ( even if they do hit em , wont get u anywhere )
any investor would have had inside info , to have 22m shares at 0.17 is different than 22m shares at 0.94

we could have raised at 1 + a year ago , but as erb mentioned , ssh can raise today but at what cost

had enough complaining on here and to erb directly , weve been burnt and as much as I do hope this recovers even a bit , have zero faith in management to get us out of this mess. looking forward to more bs tomorrow and 10 cents ? 6 cents ?

instead of laying off workers how about reducing the ceo+cfo's inflated salary , no1 can convince me that their work for the past year deserves this salary.

$0.20 cents and not a single insider buy