GREY:RVVQF - Post by User
Comment by
Botaniston Jan 28, 2020 6:10pm
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Post# 30611145
RE:RE:RE:over 2.2 million volume so far today
RE:RE:RE:over 2.2 million volume so far todayMMCAP are underwater with their investment in us. Between July and Sept they sold 2.9m shares at a loss. They are left with 4m shares they paid 50c for.
https://webfiles.thecse.com/sedar_filings/00005840/1910101327403402.pdf
They have been earning a healthy 10% on the $12.5m debenture interest, a fund can't afford to have under performing assets, they need to do something. IF they do renegotiate the debentures we will be at their mercy, don't expect a good deal.
Found this on the web describing MMCAP
MMCap is a Cayman Island-domiciled “opportunistic multi-strategy fund” that bills itself as being focused on mergers, short selling, convertible arbitrage and other “special situations.”