RE:NR Jan27 No need for another PP in foreseeable future -What?Reidman wrote: Wonder what changed since Jan 27 for them to do a PP now.
I bought in a few weeks back with the understanding that they wouldn't...
The Company's working capital is now at an all-time high, allowing Spearmint the ability to work on multiple planned projects throughout 2021 without the need for any additional dilution via private placements. Management has no plans, nor does it expect to conduct any placements in the foreseeable future due to the strong cash position currently in place.
Seems a little shaddy - Hope its for good use. We should know soon is my guess.
I'm not down yet, so I can still see where this goes.
GLTA...
Granted, running a business is dynamic & things change from time to time, however, in light of SPMT's January NR that there is no need for additional PPs, SPMT owes shareholders an explanation. There had better be a good reason for the new PP, otherwise, the new PP will only serve to undermine shareholders' confidence in the company.