$Sunshine Biopharma (SBFM.US)$ anyone notice the warrants A ...
anyone notice the warrants A and warrants B’s number and exercise price as of May 20 doesn’t make sense compared with the number and exercise price ended March 31, 2024. After the reverse stock split, the number of shares of common stock issued subject to warrants will automatically be proportionately decreased by the split ratio and the exercise price or conversion ratio will automatically be proportionately increased by the same split ratio. The numbers on that table was just reversed. Anyone knows why?
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股海无边 : The company had a special meeting and he have full authority to reduce the excecise price and increase the number of warrant which are only to benefit certain parties.
Lu08OP 股海无边: Yes, they did for the tradable warrants, I didn’t find any information about the meeting for warrants A and B.
股海无边 : Both warrants are for certain parties like Nora Pharma & Aegies. It is not for normal investor like us.. they have execise the warrant and make the issued shares increase to 19mil... but floated shares still 1mil...
股海无边 : That is why you could see their balance sheet cash increased evwn with losses. At the same time their total asset also increased to 31mil...
Lu08OP : I see