Many board members asked about the fully diluted float... So, we have the newest info from the MD&A for 25th of March 21:
12,457,500 units from the debentures
-1,235,000 units already converted
11,222,500 units to be converted until September 21 latest, this makes an additional float of
22,445,000 shares and warrants, right?
339,826,930 common shares (25th of March)
+39,943,016 stock options, warrants and compensation options
+22,445,000 expected shares and warrants from converted debentures
402,215,000 fully diluted float.
Well, until NAS we will be at 450 M? I hope Poet can manage to limit further dilution! We have enough cash in our coffin now until revenues start flowing: 6,8 M (end of 2020) + 11,8 M (PP 2021) + 8,4 M (converted warrants in 2021), which makes 27 M USD.
Burn rate about 1,5 M per month?