Aug. 9 at 8:57 PM
$HTOO $QIND - I thought that we may be able to go an entire week without dilution. I guess JP Backwell wants to dilute as much as he can, as often as he can. Right out of the ILUS/SAML playbook and just like clockwork: https://www.sec.gov/Archives/edgar/data/1819794/000164117225022763/formf-3.htm
Current Shares Outstanding:
846,709 shares outstanding according to StockAnalysis.com
StockAnalysis
Potential Dilution Scenarios:
269,459 SPA Shares (already issued)
541,706 Pre-funded Warrant Shares (exercise cost ~
$0)
1,622,330 Market Price Warrant Shares
811,165 200% Price Warrant Shares
a) Already Issued
269,459 shares ➜ Dilution = 269,459 / 846,700 ≈ 31.8%
b) If All Warrants Exercised
Total new shares = 2,975,201
Combined with existing: 846,700 + 2,975,201 = 3,821,901
Overall dilution = 2,975,201 / 846,700 ≈ 351.5%
Your ownership would shrink to about 22.1% of the company versus today.
Aren't you embarrassed??