Kbear I understand what your saying which is why I state this deal was made out of desperation for capital. Things have changed a little with the updated Cvac news and the shareprice. (pity they didn't disclose the Cvac news before the capital raising). Putting the Warrants aside if Ridgback convert the note to shares that will add 687500000 shares to the register. You dont think they could sell 300 million at .05. thats about a 30 % discount to the closing. That would bring them 15 million.
One other point I would like to make is we are are not sure what Ridgebacks intention is here. The seat on the board certainly says they have something in mind. Whatever their motives are I hope they are aligned with shareholders. If they convert all the notes and warrants they are going to hold a big chunk in our little company. A hedge fund with that sort of control makes me a little nervous that they are there to serve their own interests and not all shareholders. I hope I am wrong.
VOTE NO TO THE WARRANTS
Cheers
Fishywoo
Stuart Roberts, page-27
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Last
40.0¢ |
Change
-0.005(1.23%) |
Mkt cap ! $581.0M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 41.5¢ | 39.5¢ | $1.576M | 3.906M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2506 | 39.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 8079 | 1 |
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