I had 2000 shares of BMTI at a cost of $7000. I received $3000 cash, 496 shares of wmgi currently at $24 valued at $11,900, and 2000 shares of wmgiz currently at $2.75 valued at $5,500. I understand my downside. wmgi can trade down and wmgiz can expire with 0 value. I don't quite understand my upside from here. Anyone?
Upon approval, you wil immediately get another $7,000 cash from your WMGIZ shares ($3.50/share cash). Then you will have the opportunity to get 2 more cash payments of $1.50 each for 2 sales milestones. So your WMGIZ that are worth $5,500 could pay you $13,000 in cash. Also upon approval, your shares of WMGI will get a 20%ish bump.