Jul. 15 at 12:43 AM
$CNVS a push through into 4s is not fantasy...structured exits in liquidity .. The margins will improve, Indie Cue + Giant only showed some leg.
CNVS has ~102% dilution baked in from the IndiCue deal + notes + warrants, plus ~14% more from the
$3M offering and OCI swap, for a total potential dilution of ~116% — with an unused
$30M ATM still sitting on deck.
This matches the 43.1M figure from the IndiCue prospectus once you account for conditional issuance and tranche timing. " This boards dead without me" ....👌