Tom D.
I think the shares outstanding are going to be slightly less than 125 million per following excerpt from prospectus, but
I agree with your analysis.
Share Number Percent Amount Percent
Existing shareholders.......... 90,187,231 85% $200,500,000 53% $ 2.22
Concurrent offering ............ 4,090,909 4 45,000,000 12 11.00
New investors ................. 12,000,000 11 132,000,000 35 11.00
Total ........................ 106,278,140 100% $377,500,000 100% $ 3.55
The table above assumes the conversion of all the outstanding convertible notes into shares of common stock
and that the underwriters' over-allotment option is not exercised. If the over-allotment option is exercised in full,
we will issue and sell an additional 1,800,000 shares.
Robert D. |
