perkins 900k warrants are being counted as 1 warrant = 1 share ...so they bought 1.8 million shares at the last round of dilution ...if they only have 1 million shares + 900k warrants they have sold 800k shares since the last filing....
Ok - so you are a self-proclaimed altruistic purveyor of the truth who accuses those with contrary opinions of pumping a stock that is near its all time low. How can I doubt you :) If you've had anything remotely to do with keeping the price down, then I humbly thank you for this gift.
Just curious - whats your motivation for bashing JSDA? are you short? trying to accumulate at lower price? investor who was burned? disgruntled current or former employee?
I am investor who has done well with portfolio of depressed small caps.
The securities were sold in units, consisting of one share of common stock and a Warrant to purchase 0.5 of a share of common stock, at a price of $0.50 per unit, for gross proceeds of $3,207,500 (Offering). The Offering closed on February 7, 2012. The Warrants are exercisable at any time on or after August 7, 2012, six months following their issuance. The Warrants are exercisable for cash, or solely in the absence of an effective registration statement, by cashless exercise. After deducting the placement agent fee and our offering expenses (and excluding any potential future proceeds from the exercise of the Warrants) the net proceeds from the Offering were approximately $2.8 million. (See Note 2.) As of September 30, 2012, none of the Warrants had been exercised and all remain outstanding. There are no assurances that any of the Warrants will be exercised or that we will receive any cash proceeds from any such exercise.