GREY:CATXF - Post by User
Comment by
aweighon Aug 29, 2014 9:05pm
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Post# 22892031
RE:Amazed this is still allowed
RE:Amazed this is still allowedMoeSizlack wrote: With the V still bouncing along a never ending bottom and millions of investor avoiding these stocks, i am amazed the exchange still allows company's to do financing such massive dilutive financing as the 20m placement done to these select few insiders. The stock may not reflect the value, but I would think the exchange would demand a valuation report by an independent party to allow such a transaction. And all done WITHOUT a shareholder vote! IMO, this is one of the many reasons - sweetheart insider deals - that has made Joe Blow Average avoid TSX jr mining stocks.
The 20 Mill PP @ .07 was announced on June 23 when the stock was trading between .075 and .10 , absolutely nothing wrong with that .
Todays PP was done @ .30 and the stock has been trading in the .35 range all week, nothing wrong with that either.
The only reason the PP's look cheap is because the stock is flying as a result of who put up all the money. Don't worry, if you and I had take down most of that .07 PP no one would give a flying frig and the stock would be trading at .05 if we were lucky.
If you feel cheated sell, I'm certain there will be plenty of takers, me included. !