Please Novak enlighten us.... I want to believe that our chances are still good and solid and in reality this dilution was something we all knew had a great chance of happening... the warrants at $0.85 is what bothered me... and why give them six months to exercise? Please share your thoughts
"Each investor will receive one share of common stock, a series A warrant to purchase one share of common stock and a series B warrant to purchase one share of common stock for a purchase price of $0.85."
Is this not a weird statement? Is it just me?
The warrants at 85 were probably a compromise. Half the warrants have a price of 1.13 and half have a price of 85 cents. One is obviously what Titan wanted and the other half is what the buyer would have preferred.
To what are you referring? There are a couple of points that stand out to me. The first of which is the statement that this is a simple office procedure. I'm getting old, but I can only recall speculation as to how complex the insertion and removal of the rods would be. "Simple", however, is relative.
I'll hold off on a couple of other thoughts about today's PR.
These are interesting points, I hope they are valid, but at this point I am assuming a complete loss on this investment. I will hold until they either go bankrupt or become successful. I think it is plausible that they only got low ball offers and felt it was better to take a dillution hit than sell out cheap. My concern is will there be more dillution needed before we get an FDA decision, in any case I am assuming the worst, so from here on there is only upside for me.