DawgTrading
1 year ago
So lets say diverted getting 200 million of 250 million is restricted and locked up that leaves 50 million tradeable.
Latest SS update shows an increase in OS to 35,724,938 on 07/06/2023.
If they are getting 5% of 250,000,000 that would be 12.5 million. 50m - 35,724,938 OS would leave 14,275,062 left which currently allows for the 12.5 million 5% equity, leaving only 1,775,062 room left in the total OS for warrant holders to sell before its maxed out and locked if everyone holds.
Lets see if any warrant holders continue selling and the OS goes past 37,500,000 before the merger is completed, then they may have to raise the AS to complete the deal... lets see.
Realistically if the AS isnt raised.... this is a 50 million float only, since 200 million going to diverted river will be restricted shares.
DawgTrading
1 year ago
I also find bullish that $6 million in debt if this merger goes through will be wiped out for 5% equity...
At 250,000,000 AS with diverted river (DR) taking 80% thats 200 million of the 250,000,000.
5% of 250m would be 12,500,000 shares... of which $6 million in debt for an OS of 250,000,000 (regardless of restricted or not), would be the equivalent of $0.48 per share if they'd want to break cost even on that $6 million for those 12.5m shares.
At $0.48 per share with a 250m OS this could have a potential market cap of: $120,000,000
https://www.globenewswire.com/news-release/2023/03/31/2638727/0/en/Simplicity-Esports-Signs-Agreement-to-Convert-Promissory-Notes-into-5-Common-Stock-Ownership-and-Extension-to-Exchange-Agreement-with-Software-Company-Diverted-River-Technology-LLC.html
DawgTrading
1 year ago
$WINR agree, but last 3 updates show SS intact
$WINR SS still intact on latest update.
Authorized Shares
250,000,000
07/05/2023
Outstanding Shares
34,124,938
07/05/2023
Restricted
639,304
07/05/2023
Unrestricted
33,485,634
07/05/2023 pic.twitter.com/7VSLrHqh7p— DawgTrading (@DawgTrading) July 6, 2023