Emblem Corp EMMBF

RE:FYI

[VENMan]

With the $20 million war chest and the approval to produce cannabis oils the stock was performing just fine. Although $3.63 is a good price it is still 20% lower than our current stock price. We will never know what the stock could have done over the next 50 days without the additional 4.9% increase in dilution (from 65.65 million to 68.8 million currently). After all we just started trading and you're wrong about $5 million more when the stock hits $4.75 try $7.00 the news release said "Each warrant will entitle the holder to purchase one common share at an exercise price of $4.75 for a period of 36 months from the date of closing of the offering. The warrants are subject to an accelerated expiry date upon notice from the company if the volume-weighted average trading price of the common shares is equal to or greater than $7 over a period of 10 consecutive trading days. "
They could come out with some "special news" to justify the additional dilution, or shall we say $10 million instead.
Best of luck to all and all IMO