Oct. 1 at 7:18 AM
$SLE S-3 and S-1 filed yesterday
S-3: allows for 2.1 million shares dilution
Currently outstanding common stock: 1.3 million
"As discussed above, the Initial Conversion Price is
$5.95, and the Initial Exercise Price is
$5.361. Upon receipt of the Stockholder Approval, the Anti-Dilution
Features allow for adjustment to the Conversion Price and Exercise Price down to a floor of
$1.19 (the “Note Floor Price”), and
$1.07 (the “Warrant Floor Price”),
respectively. Assuming the Company receives the Stockholder Approval, and in the event the Conversion Price is adjusted to the Note Floor Price, the maximum shares
issuable under the Convertible Note and Warrants is 6,189,897 shares."
