Hey Routhier
I wonder if you have outdone yourself this time.
We`ll know soon who did the PP, is it one placee, two or more placees ?, is there any connection to them?.
In regards to this last loan-PP,the changes and flip flopping from one PR to the next, lies as to benefits and protection of shareholders, dilution, values:
"Considering the current market conditions and pursuant to our recent efforts with Global Maxfin Capital in regards to the proposed convertible debentures, it was determined that an equity raise was a better option at this stage," said Nicholas Routhier, president and chief executive officer of Sensio. "This will namely allow the company to preserve its future financial resources for the development of its business which is our top priority."
You did not sell the farm, you gave it away.
There will be an investigation,because of concern to us “the investors” not from management or that moribund gutless-useless BOD, but from "US", the Commission will have to act because there are sufficient grounds to do so.
Still hard to fathom and comprehend how with some other options we ended up with THIS deal.
The protection of shareholders was not taken at value,not even close.
"This will namely allow the company to preserve its future financial resources for the development of its business which is our top priority."
What about future soon to achieve revenues from 3DGo ?,you don`t count on them ? or is that another one of your over projection-misleading statements?, if that`s the case all we would have needed was way much less that we ended with,thus protecting us your supporters,the investors.
But you turned like a squirrel,get more money, stash it away,protect your interests not the shareholders ones.
Because if you don`t count on revenues in the short term why do you need more money for content and more aquisicions to deliver the business plan, by the way what is the actual business plan ??.
TCL-Hisense-Panasonic-Vizio-3DGo are they not going to produce any revenues??,soon?,later??
There is something wrong somewhere,very wrong.
What is the real role of Global Maxfin ?,what are they really getting from this in top of their generous commission ?, what was that sell-buy of one million shares not too long ago at 0.19 ?.
What is RG going to tell us in his next Report ?.
I already know but don`t want to spoil the surprise.
I can see your whit asss in boiling water,better be clean because a class action may follow.
One placee may end up with upwards of 45% of the Company,and counting yours and Richard`s shares way over 50%..
Two or more placees depending on the structure could also combine to have the same effect.
We`ll find out soon how this PP turned out.
I guess not only in Montreal they are pisssed-desilusioned-cheated, big Ontario is too.
Have a nice day.