Come non è chiara neanche la posizione di socius.....
Socius, mi sembra di capire che a fine Luglio non riceverà azioni, ma bensì warrant convertibili, il cui ammontare di azioni sarà definito dall'assemblea del 31 agosto quindi tutte le nostre teorie di discesa del titolo per far avere più azioni possibili a Socius risultano infondate.....
On May 28, 2012, we entered into a securities purchase agreement with Socius pursuant to which the Company issued in the initial closing on May 29, 2012, 20,000 shares of Series 15 Convertible Preferred Stock (the “Series 15-1 Preferred Stock”) which were converted into an aggregate of 20,000,000 shares of common stock at a conversion price of $1.00 per share, and warrants to purchase up to an aggregate of 13,333,332 shares of common stock with an exercise price per share of $1.092 (the “First Tranche Warrant”) for gross proceeds of $20 million. Subject to certain terms and conditions, Socius has also agreed to purchase and the Company has agreed to sell in a second closing, a second tranche of 20,000 shares of Series 15 Convertible Preferred Stock (the “Series 15-2 Preferred Stock,” and together with the Series 15-1 Preferred Stock, the “Series 15 Preferred Stock”), and warrants to purchase shares of common stock on July 30, 2012 (the “Second Tranche Warrant,” and together with the First Tranche Warrant, the “Warrants”), for gross proceeds of $20 million. In the event that on the date of the second closing, Socius is unable to purchase the entire $20 million because it would cause Socius to own more than 9.9% of the Company’s common stock (excluding other shares beneficially owned by Socius) or due to the Socius Share Cap (as defined below), Socius has agreed to fund a minimum of $10 million and in any event the maximum amount of the $20 million Socius can fund under these restrictions.
cosa ne pensate?
