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Research Frontiers Inc. Message Board

  • eagle.legal18 Aug 28, 2012 10:11 AM Flag

    ***$400,000 Underwriter Discount???***

    Based on the latest 8K, there appears to be approximately $400,000 in underwriter discounts and other fees while the offering sold at $2.97 but the current price per share is less than $2.97. So back of the envelope math says that the deal was sold at more like $2.70 per share or thereabouts. I guess we will see how this works out assuming there are no other clawback provisions in the agreement if the share price blunges again.

    I think this dilution will cause the price to sink again and management will burn thru this $5m in less than a year and be right back doing the same thing.

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