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Zalicus AŞ Message Board

  • gutbus gutbus Apr 16, 2014 10:56 AM Flag

    if this was worth 1.50 a month ago,why not more with merger?

    doesn't make sense

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    • "Zalicus stockholders will own approximately 19% of the combined company and current Epirus stockholders will own approximately 81% of the Company if Zalicus’ net cash at closing is equal to or in excess of $12 million, (ii) current Zalicus stockholders will own approximately 17% of the combined company and current Epirus stockholders will own approximately 83% of the Company if Zalicus’ net cash at closing is equal to or in excess of $9 million but less than $12 million, and (iii) current Zalicus stockholders will own approximately 14% of the combined company and current Epirus stockholders will own approximately 86% of the Company if Zalicus’ net cash at closing is equal to or less than $9 million"

      reading between the lines Z-- will do an ATM with whatever is left on the shelf, to raise cash on hand and "fund" the merger..jmo

 
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