OTCPK:MEAOD - Post by User
Comment by
JamesBlenderon Feb 25, 2015 11:50pm
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Post# 23466547
RE:No positive way to spin this latest SNAFU
RE:No positive way to spin this latest SNAFUThat is exactly correct.... Why would anyone fill a placement at 6 cents when the share price is 4 cents? PPs are usually done lower......Oh!! I have a way? How about we sweeten the pot....we'll change the units so that each unit is now priced at 5 cents and you get a full warrant at 5 cents, too... It's highly possible that the placement is not filled and in order to do so they have to do a rollback since the venture exchange does not permit placements below 5 cents.... This very much on the table since it makes no sense to pay more for something than it's worth? How many of you are willing to pay 6 cents for shares you can buy at 4? I still think MTO will trade at 3 cents.