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Biotech / Medical : Apricus Biosciences

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To: phoenix_rising who wrote (1633)1/13/2016 10:12:49 PM
From: Mirror Image  Read Replies (1) of 2026
 
I know you might not be interested in this information but I thought I would go ahead and share this info at this moment. It might become important in the future.

Assuming that Apricus receives our approval ( and it will pass as Sarissa is the Elephant in the room ), Sarissa will own :

1,030,000 Bought in the open market in the 4Q 2014.
5,494,505 Bought at $1.82 in the February 2015 Direct Offering.
2,528,411 Bought today at $0.88.
7,073,865 Subsequent Closing Shares at $0.88.
( 1,264,204 ) Warrants issued today and exercisable at 0.88 in 6 months.
( 3,536,932 ) Warrants that will be issued with the Subsequent Closing Shares at 0.88.
( 2,747,252 ) Warrants that were originally issued at $1.82 and now will be exercisable at 0.88.
____________
9,052,916 Shares that Sarissa owns after today.
+
7,073,865 Shares that Sarissa will own after Apricus gets Shareholder approval.
7,548,388 Shares that they will own when they exercise the warrants in their entirety.
_____________

23,675,169 Shares owned after fully exercising warrants and Subsequent Closing.

I believe that there are about 83,900,000 Shares Fully Diluted after it's all said and done. And that includes warrants that are way out of the money.

As of right now, we have 52,942,892 Shares Outstanding. And Sarissa owns 9,052,916 of those shares. That is 17% + of the total shares outstanding. No warrants included!
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