RE:RE:RE:RE:RE:NetworkNewsBreaks – Liberty Leaf Holdings Ltd. (CSE: LIB) (OKushMan wrote: Besides that, the proceeds from the warrants go back to the company coffers and the seller of the warrants get's to keep the spread above the exercise price, so the debt repayment works out to be a lot less than was actually owed for the cost of a little bit of printed paper.
Not a dumb move at all.. :)
Cheers
:)
rcash1 wrote: ISOLISKING wrote:
so they dont even have 50 grand cash sitting around to pay debt they have to issue shares??
what kinda sh!t stock did I buy??
You obviously can't read between lines . They have more then enough cash raised to pay contact and didn't need to issue shares . When it's beneficial to both parties deals like this are made . This isn't one of those situations where they couldn't collect the debt and take what they get for settlement. Work out the math if PPS is over 1$ . Also I know if I offered service I would ask for shares as settlement at the Share Price it's at now. Just my opinion
Exactly Kushman . That 47k after warrants are exercised will only cost the company 11k for services. 58599 warrants exercised is about 35k for those that can't follow and didn't cost any $ out of the coffers. Also if they're in a place of preserving money in Treasury, they must think they need it sooner then later . That could mean new acquisition, closing of North Road or 100% of Just Kush :) would say pet trails payment but that's only minimal amounts of cash .