BIT BROTHER LIMITED WKN: A3DZZP ISIN: VGG1144D1252 Forum: Aktien User: Luke_99
Kommentare 4.116
l
lenb07021,
08.12.2023 17:37 Uhr
0
184,615,385 * (($0.013 - $0.005) / (0.70 *
$0.005)) = 422M shares
Plus the exercise price of the other
184,615,385 Class D warrants would reset
down to around that level as well, so those
would likely get exercised as well.
So if they exercised at a VWAP of $0.005, the
total number of oustanding number of
shares would around be 623,263,779 +
422,000,000 + 184,615,385 = 1,229,879,,164.
Obviously this number can fluctuate a bit
depending on how low they drive the price
down before exercising the Class E
warrants.
But the takeaway is that it is entirely
possible, in fact likely, that within a month
or two's time, there will be well over one
BILLION outstanding class A shares. The
company is quite literally approved to issue
an UNLIMITED amount of Class A shares in
their filings, which shows you what their
intention is.
l
lenb07021,
08.12.2023 17:36 Uhr
0
184,615,385 Class D warrants which will
have their exercise price reset down to the
VWAP after 30 days (mildly important)
184,615,385 Class E warrants which follow
the EXACT SAMe formula as the 14,000,000
Class C warrants from the 10/25/23
offering.
You can see what damage just 14,000,000
warrants did. So let's run the numbers with
184,615,385 warrants instead.
Current outstanding shares: 623,263,779
If they exercised TODAY at a VWAP of
$0.0220, then they would only receive
184,615,385 shares from the class E
warrants. So no way they do that.
But if they do the exact same thing they did
before, and front run it by short selling
millions upon millions of non-existent
shares to drive the price down to a
ridiculous $0.005, then they would receive:
Exercise price = $0.013
VWAP=$0.005
l
lenb07021,
08.12.2023 17:36 Uhr
0
Likely meaning they exercised on 10/31
when it closed right around that price.
What is important to realize about the
formula above is that the lower the stock
price falls, the MORE shares the warrant
holders get. A LOT more in fact. So it
highly incentivies them to drop the price as
low as possible. The trick is to front run it
by naked short selling millions upon
millions of shares, then exercise the
warrants when the price is highly
depressed to receive a windfall of 156M
shares and cover the short position
immediately en masse.
Now let's discuss the latest 12/6 offering,
the new outstanding number of class A
shares is 623,263,779. But more
importantly there are two additional items:
l
lenb07021,
08.12.2023 17:36 Uhr
0
the quotient obtained by dividing (the
Exercise Price minus the Lowest VWAP of
the Ordinary Shares over the 10 Trading
Days immediately prior to the exercise
date) by (70% of the Lowest VWAP of the
Ordinary Shares over the 10 Trading Days
immediately prior to the exercise date).'
So to account for 156,268,590 shares, they
would have to exercise when the VWAP was
at around $.0522.
Exercise price = $0.46
VWAP=$.0522
14,000,000 * (($0.46 - $.0522) / (0.70 *
$.0522)) = 156M shares
W
Walli,
08.12.2023 17:35 Uhr
0
Aber schön war es...
l
lenb07021,
08.12.2023 17:35 Uhr
0
Eine Möglichkeit, was momentan mit der Aktie passiert (auf englisch und recht ausführlich erläutert):
The number of outstanding class A shares
before the 10/25/23 offering was
210,379,804.
The number of outstanding class A shares
after the 10/25/23 offering was 224,379,804
(they sold 14,000,000), along with the
associated warrants (which are very
important, more about them further
down).
On 11/24/23, they issued 58,000,000 shares
to employees, which puts the total
outstanding shares at 282,379,804. So far
so good.
But then on 12/6, they announced another
offering. But what is interesting is that the
total outstanding shares BEFORE the
offering is 438,648,394.
So where did those extra 156,268,590
shares come from in the last month? The
answer is the 14,000,000 Class C warrants
from the 10/25/23 offering. Those allow a
cashless exercise using the formula:
B
W
Walli,
08.12.2023 17:35 Uhr
0
Du bist leider durch mich entstanden🤢🤮
Torti007,
08.12.2023 17:30 Uhr
1
Ja Kritiker sind hier nicht erwünscht! !! Soll ein rosa Teddybär Forum werden 🤣🤣🤣
W
Walli,
08.12.2023 17:24 Uhr
0
Besser als🎈
s
schnabbeldubb,
08.12.2023 17:19 Uhr
0
Schön 500€ Gewinn gemacht die letzten Tage und da direkt wieder verbrannt..
s
schnabbeldubb,
08.12.2023 17:18 Uhr
0
So nen Abverkauf bzw. ohne Ende Verwässerung die aktuell stattfindet hab ich echt noch nie erlebt.. Wahnsinn… die werfen aktuell mega viele Aktien auf den Markt. Kann man auch in den SEC filings nachlesen. ☠️
F
Finchiboy,
08.12.2023 17:17 Uhr
0
Buy the Dip 😂
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