dh_st
Oct 26, 8:50 PM
$IQST I’m interested to see the 8-k, but what I like about the deal is I don’t see any “VWAP” language in it. Or, in my way of thinking, I don’t see any built in incentives for a lender to want to see the price drop in order to get more shares.
They do have some pre-funded warrants, but I don’t see it creating any future downward pressure either other than just the initial issuance.
This deal along with the recent Globetopper deal to finish out in cash, IMO both show that they are actively trying to keep dilution to a minimum. The market may not have given much credit for that today but if that’s any indication of things to come then I think it may be appreciated in time.
Or at the least maybe there are less parties out there who can make gains when the price drops.
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