GREY:SNIOF - Post by User
Post by
Sailor99on Dec 17, 2014 8:45am
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Post# 23239125
Hedge
HedgeIt looks again like no launch-PR for today.
I only mentioned tax loss the other day because for very few it could make sense and still a very important tool.
As far as the Caisse exercising the 2.5 million warrants I`m certain (again IMO) that it was done as a favor-lifeline or to protect their investment.
Remember that the SP was much higher and that the deadlines are October 4-2015 for the first tranche and November 13 2015 for the second tranche, no rush at all.
They trying to maintain confidence till the launch.
We had $1.5 million at the end of August in cash-receivables and convertibles and depending on maturity we may have needed money and the Caisse was there.
It`s not a pretty situation,we blew by Canadian Black Friday-Cyber Monday-USA Black Friday and approaching Boxing Day, what`s the real delay??.
Cheers