I’m a bit puzzled by Bioretec’s share price…
Before the warrants were spun off on Fri 27.3., the share price was about 14c and the company’s market value was 4.31m.
Today, according to Nordnet, the company has 1,508,616,508 shares, which, at a share price of 5 cents, results in a market value of 75.43m.
The company is expected to receive a maximum of 14.77m more money through the offering, in which case the theoretical market value should be 4.31m + 14.77m = 19.08m. Could someone wiser tell me why the company’s market value (and the theoretical share price after the offering) has increased by 295%… or have I perhaps forgotten/missed something???