Post by
indoubtgetout on Sep 28, 2020 12:31pm
Equity Raise Coming
CEO recently cancelled virtual investor day spot that was to be held soon. I would imagine that WAR.V will need to raise more $$$ for continued drilling, which is good. That said, I REALLY DON'T KNOW WHY WAR.V NEED TO ADJUST THE WARRANT EXPIRY DATE....THIS IS NOT FAIR TO CURRENT SHAREHOLDERS THAT DO NOT OWN WARRANTS. So WAR.V management credibility should be questioned here. IT IS NOT VERY COMMON TO EXTEND WARRANT EXPIRY.....THESE ARE A FREE WARRANTS THAT ARE ATTACHED TO NEWLY ISSUED COMMON AND THEY WERE ISSUED WITH FLOW THROUGH SHARES TO BOOT. SO, THE FLOW THROUGH SHAREHOLDERS, aka the ones that are selling into the market now, WANT MANAGEMENT TO EXTEND THEIR WARRANT EXPIRY SO THAT THEY CAN CONTINUE TO HAVE "unfair" UPSIDE.......SO LOOKING KIND OF CROOKED TO ME.