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Biotech / Medical : ACMI - Accumed Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Ryan Weisman who wrote (1449)2/20/1998 1:41:00 AM
From: Sigmund  Read Replies (1) | Respond to of 1894
 
<Accumed certainly DOES NOT need it's stock share to be high to bring in capital>.

I was just referring to arithmetic. If you need to raise $1mm and the stock is at $2 then you sell 500,000 shares. At $0.50 you need to sell 2,000,000 shares i.e. more dilution. That was my point. I would have preferred that they raised the money at $2 per share or $1.50 per share rather than at $0.75 or $0.50 per share.


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