OTCPK:EMMBF - Post by User
Comment by
PruneFaceon Jan 05, 2017 9:09pm
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Post# 25673419
RE:RE:RE:RE:emc warrants at 3.67???
RE:RE:RE:RE:emc warrants at 3.67???GMon wrote: Pruneface: I agree with you 100%. It isn't very often that you get to finance a bought deal at 3 Xs your last financing ($1.15). Take the money and do something good with it. It also gives a vote of confidence to Emblem from the investment community. Yes, the SP will move down to the offer price, but it will only be temporary as Emblem starts to move on its business plan.
I hope they address (take the money and do something good with it) a real issue which has been mentioned here a few times, that being the cost of Ontario power. Are there viable alternatives to hydro or do you focus the growing op in a province with lower power costs? Moving the grow op means buying/leasing property and building more infrastructure but they were already going to build so that part may be a wash. Who knows. But it is likely better to have too much cash rather than the alternative.