PP InfoHi Team - i hope all is well.
I wanted to write quickly about the PP and what offer a bit of my perspective on it:
the PP would have been done for accredited investors only. if you do not have 1M in financial assets or at least 200K in income personally (300K with a spouse)- you would not have been eligible to participate. this is standard industry practice
the PP would have likely been offered by only smaller brokerage houses (who in turn would have offered it to their clients ONLY if they were accredited investors as per above)
we relish in the fact we pay next to nothing on commissions through brokerage houses like TD, RBC, itrade etc, but we get what we pay for - these houses tend to not participate in junior placements and therefore we wont be included when opportunities like this happen.
i would not take it personally if you did not get a specific reachout from Jeff regarding this deal - his attention was likely focused on larger institutional investors that could raise more than a $10,000 ticket - again, it is not up to Jeff to determine which shareholders in his communication network are accredited.
Dilusion of $9,000,000 at 60 cents is very minimal compared to the dilusion of $9,000,000 at 83 cents. By 3-4 million shares - the price point does not greatly impact the numbers. nothing to get sore about.
if you do not have an account at a brokerage (working with an advisor) i would strongly suggest you do open one wherever the deal was filled (likely any of the non-major banks). Although you pay more in commission, you will have access to these type of deals on a go forward basis
To sum up, if you dont have at least 1 million in financial assets (after liabilities) or a high net worth, i wouldnt waste much time on wondering how things could have been.
One final thought - companies dont generally drop news solely on a PP deal - there is almost always news to follow which i suspect will be tonight or tmrw morning - this is a material company change and would have to be announced immediately. We know Jeff always has something up his sleeve.
Take pride in knowing that there was huge interest in this deal (compared to the last) and that strong demand is likely going to translate into big things for us.
for all of our sake, please let Jeff be if you are feeling left out (especially if you are not an accredited investor) so he can focus on more important things like launching this shareprice - thats the most important. Companies want heavy hitters, sometimes the little guy gets left out. I'll buy more on the open - you should too. This company is capitalized and ready to move
muffy