Sep. 17 at 4:46 PM
$RUBI
Day's high $ 2.1599
Last close $ 1.34
Number of shares only by yesterday's closing: 15,670,898 assumed
Because the outstanding warrant pool (new plus 50% to 23,684,220 shares) slightly exceeds the outstanding shares (23,506,347 shares) per Oct, 6th, a full exercise would dilute the shareholders by another 100.76%.
The percentage ownership in the company would be cut roughly in half comparing to AFTR the stock dividend.
In comparison to today:
roughly 201 % dilution but somebody bought today at a share price above 150 % of yesterday's closing.
Corporate Cash Balance:
On the cash side, a full exercise of the warrant holders at the adjusted exercise price of
$0.4333 would inject approximately
$10.26 million in cash into Rubico's balance sheet to fund operations.
Share price at posting:
@ yesterday's closing price
