Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Redknee Capital Raise

|Includes: Optiva Inc. (RKNEF)
a Current Share Count 108339 Q2, FY17
b Right price $0.50  
c Wave Standby Guarrantee fee 2500  
d ESW Rights (13%) 14084 a*13%
e Maximum ESW Warrants 46296 $60MM, $1.296 strike
f ESW additional rights 46296 maintain 39% ownership, post warrants
g Total share count (fully diluted, includes warrants) 311771 2a + e + f + c
h ESW Minimum Ownership (after warrant issue) 0.39 (d+e+f+a*13%)/g
i Minimum Capital raise
(1 right/share or 'backstopped' by ESW/WAVE)
54.2 a*b
j Capital from ESW additional rights 23.1 b*f
k Total Capital Raise 77.3 i+j