That is positive dilution. 1,363,638 convertible at $1.65
448,053 warrants at a penny a share. If it is over the true value of the company, that is positive dilution.
That is what Cranberry was trying to tell you, that the stock is worth somewhere between $0.01 to $1.65.
Sorry PJ, if the VNX bulls can read, this may not help your cause to find buyers.
Judging by the silence from the bulls here, they knew this was coming and you can probably guess that the selling has been coming from this group. Just think, only like another 1.7 million shares left to sell and then the notes and warrants will be exercised.
There's not much new information from the company to discuss. At $2.58, I'm up a little over $10k--at long last. It could evaporate, though, when the next earnings report comes out showing "profits" on the excessively written-down inventory.