SO dilution in progress... my take is they are issuing 33 percent more stock
and shareholders of a date to be determined Thursday will be eligible to buy the warrants for 3 dollars a share privilege to buy stock in STXS negotiable till nov 21 at 3 dollars a share... meaning if the stock is six bucks, you can buy the stock and dump it for a quick profit... if it is below 3 dollars a share... you would be an idiot to buy the warrants. nuff said.
I take it from amount of shares in warrants being released... this now makes the 3 dollar average base price worth only 2 dollars. That is... 33 percent haircut of value of all shares in order to raise money for a money losing company with hot products. or am i missing something there?