Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

Free
Message: Oz

I sent Shash the comments from the broker I spoke with who was involved in warrant conversion and of course you can look up Rainers spread sheet for yourself to see the effect of the  warrant conversion on the share count over the time period. I believe the comments were very consistent with what she was reporting.

01:36:56 – Thomas Mika: So, obviously, I agree 100% with what Dave and Suresh have said. You know, last year we identified as a source of financing for the company our outstanding warrants, and actually with the last capital raise we added to that pool of warrants at a higher price. I still regard that as being the best source of additional capital for us, because it’s effectively non-dilutive. Those shares are already included in the fully-diluted share count. So we’re definitely going to focus on that as our first alternative, and we’ve got an arrangement in order to try and encourage people once the price is where it needs to be to get those warrants converted as quickly as possible. You’ll notice that in the most recent raise, the life of those warrants is significantly shorter, so I think we’re doing better as far as raising capital is concerned.

Share
New Message
Please login to post a reply