Raising Money--What | NAVB Message Board Posts

Navidea Biopharmaceuticals, Inc.

  NAVB website
  • Membership Drive Update: In the first 48 hours we've hit almost 20% of our goal. An encouraging start to be sure, but we can't stop now. We need to pull enough subscription revenue forward to counter severe cash flow deficits resulting from a dramatic slow-down in ad spend thanks to the global pandemic which shows no signs of letting up in the near-term. We're doing everything in our power to keep our heads above some very choppy water, but we can't do it alone. We need your help. So if you've ever thought about giving our premium service a try, there's no better time to do it than right now by taking advantage of one of our discounted multi-year plans. Thanks in advance for your continued loyalty & support! 

  • Limited Premium Membership Offer
    Choose a Plan, Save Money & Help Us Survive the Pandemic

    Lifetime @ $399 (only 24 left)  5-yrs @ $199 (only 31 left)  2-yrs @ $99 (only 29 left)

NAVB   /  Message Board  /  Read Message

 

 






Keyword
Subject
Between
and
Rec'd By
Authored By
Minimum Recs
  
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board
Msg  32391 of 32950  at  8/9/2020 11:27:07 AM  by

z3peru


Raising Money--What

The currently listed outstanding share total of 25 million will be very close to 30 million after the Keystone Capital deal plays out; the deadline is Nov. 6. The share price closed at $4.78 Friday.

The parameters to be determined are 1) how many shares will a shareholder be allowed to buy; 2) how much will the share price be discounted; 3) when is the closing date of the rights offering.

I have calculated many different combinations of which I will spare you the details. The company needs to pay its bills, finish its Phase III, get FDA approval, hire some people, and have some money in the bank. The shareholders need motivation to dig into their wallets. This is a scenario that will work.

An offering that gives a shareholder the right to buy 1 share for every 5 they hold at a 10% discounted price would result in $25,8000,000 for the company. [(30,000,000/5) * $4.30].

I have no idea how long it takes to do a rights offering, but if possible I think it should close Oct. 31 or Nov. 30. 


     e-mail to a friend      printer-friendly     add to library      
| More
Recs: 2     Views: 188
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board

Replies
Msg # Subject Author Recs Date Posted
32397 Re: Raising Money--What ZombieInvestor 0 8/9/2020 3:46:50 PM






Financial Market Data provided by
.


Loading...