|
|
Post by parrerob on Feb 23, 2019 9:09:37 GMT -5
Hi guys
Ufficially seems we have actually 186,2 million shares for about a 288 million MC. Taking note of today warrants and any other "things" that could translate sometime in the future in additional shares, assuming they will, how many shares we have? I mean including also the warrants that will expire next April and that probably will not be exercised (imaging if?)....
Thanks for any clarifications....
Another question but just for fun... If.. (IF) the company will still exist and will be sustainable and profitable in 2024 how many shares do you think it will need to arrive there ?
My bet is a total of 320 million shares.... And if sustainable and profitable MC not less then 5B.
|
|
|
|
Post by matt on Feb 24, 2019 10:27:27 GMT -5
Officially, the company had 159.6 million as of the end of Q3 and issued 26.7 million just before year end (plus another 26.7 million additional warrants). That is out of 280 million authorized. Essentially 100% of the authorized are locked down because of warrants, convertible securities, and employee option plans so no additional shares can be issued until and unless the shareholders authorize more. Assuming the warrants expiring in April are not exercised, that will free up 14 million shares which can then be issued.
As for how many shares will be needed, it all depends on how long the cash burn related to Afrezza is allowed to continue, how much money comes in from licensing deals, and what price the market puts on the shares. Given that 280 million shares are essentially locked down, assuming the company can get to 2024 with just 40 million more might be more than a tad aggressive. You really need to outline your cash flow assumptions through 2024 and then figure out where the cash is coming from; that will give a better idea of how many shares are needed.
|
|
|
|
Post by cjm18 on Feb 24, 2019 10:38:34 GMT -5
Officially, the company had 159.6 million as of the end of Q3 and issued 26.7 million just before year end (plus another 26.7 million additional warrants). That is out of 280 million authorized. Essentially 100% of the authorized are locked down because of warrants, convertible securities, and employee option plans so no additional shares can be issued until and unless the shareholders authorize more. Assuming the warrants expiring in April are not exercised, that will free up 14 million shares which can then be issued. As for how many shares will be needed, it all depends on how long the cash burn related to Afrezza is allowed to continue, how much money comes in from licensing deals, and what price the market puts on the shares. Given that 280 million shares are essentially locked down, assuming the company can get to 2024 with just 40 million more might be more than a tad aggressive. You really need to outline your cash flow assumptions through 2024 and then figure out where the cash is coming from; that will give a better idea of how many shares are needed. Yikes. 67m tied up in convertibles and employee plan?? About 18 m in convertibles... “Maturity date of the remaining principal of approximately $71.5 million under the amended and restated promissory note with the Mann Group extended 18 months to July 1, 2021, with principal and any accrued and unpaid interest permitted to be converted into common stock, at the option of the Mann Group, at a conversion price of $4.00 per share” |
|
