RE:RE:low value above 5c I am suggesting that the per share price you guys wanted was too low.
I recall you were at 5c. Sprott was at 9c
Perhaps they thought they could do better by running the ship into the ground and taking bids than to die a death of thousand cuts by diluting at $2M blocks at 5c.
Also other private placements, debt for shares were higher.
9c to 20c with a 14c average
"common shares" pg 5 of the report
2016 15.1/45 = 22.4
2018 33.2/174.8 = 18.9
the investment added over two years
$33.2M - $15.1M = $18.1M
174.8.7M - 45.3M shares = 129.5M shares
average $18.1M/$129.5M = 14.0c/sh
Digging into details.
Some might have sold their shares ....
Shares traded on the market between June 2016 and the halt
$7.6M/$79.3M shares = 9.6c average
Range 1c to 27c.
It suggests that about 100M shares are still in their original hands.
Perhaps at an average of 14.0c