GREY:PGDIF - Post by User
Post by
ekimon Apr 28, 2017 7:33pm
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Post# 26181733
cheeky cheeky - KDI
cheeky cheeky - KDI
KDI announces a non brokered CAD$10 million offering with DD subscribing pro-rata and to close on May 15th.
1 - No Brokers have the appetite for another financing for KDI after the big CAD$48 million one.
2 - DD upped his position to 15% recently....that covers $1.5 million. They must have some nice friends that will shell out another $8.5 million.
3 - May 15th? Interesting that they will be wanting to close this just before the Faraday 2 stones come out of the SRC. If historic results dictate...these are going to be some ugly stones.
4 - Based on my calculations...they are already in significantly negative working capital and failed to disclose a real time cash position at last earnings.....I'm sure they have debts that will need to be paid off in very short order.
I"m sure DD may have some nice loaded pockets who owe him a favour or two.
LONG...PGD
EKIM