1933 Industries Inc C.TGIF

We find out in only 1 1/2 weeks or less...

[DashForCash]

If we get the additional vote of confidence and the important additional funds to the company coffers...

"The Underwriters will have the option, exercisable at any time prior to the Closing Date, to purchase an additional 13,640,000 Units at the Issue Price to raise additional gross proceeds of up to C$1,500,400."

A reminder the closing date of the PP is right around the corner at March 4 (there is also the ability to take additional shares and warrants versus a 7% service fee)

I am of the belief, my opinion only, that they WILL back TGIF further and we WILL get that extra cash support!

[Fogell]

Increased share price and 1933 does the raise. If Safe banking gets a vote in the first half of this year and passes, that would change the game for lending. Was this raise absolutely necessary right now, or could they have waited( although we dont know when its passing). Gives them more money right now to invest in the facility/expand

[DashForCash]

Well Fogell it is a fair question about the timing and what our need is or was.  I for one was very pleased that Rosen pulled the trigger and struck while the iron was hot in the market that week.  The dillution was not major and the comfort, for me, of having funds to draw from whether to expand production or other - with a developing early stage company still to be honest - was an

[Fogell]

Fair points dfc. What's this about expansion dillinger? From the podcast, bigdaddy rosen was talking about using the facility besides the 67000 sqft one to increase grow space.

[Dillinger4]

Take a look at the overhead image of the property. document.pdf (loopnet.com) I originally found the image in Google Images but could only see the "+2.78 Acres for Expansion" Couldn't see what the floor blueprint writing said but anyway it looks like 1933 could expand into the aditional property sapce.