RE: question?? Rights offering Nakate,,, oooh,,, my favourite subject!
You had better be careful suggesting it though because people tend to attack you and call you an idiot if you dare to bring it up.
I really like the idea. Back when the shareprice was $2.50 I brought it up on this board and I contacted management to suggest it. I sure wish that they had done it back then. They could have got $25 million easy and with no strings or warrants attached. It would have ticked off Bay St big time.
I noticed a while ago that RB in one of his interviews or releases did briefly throw a statement out that it was a possibility but it was just mixed in with a bunch of other possible financing ideas so I don't know if it really got any serious thought.
If they did propose an offering now at these prices I would definately fill my allotment. I think it is a great idea.