RE:RE:RE:RE:RE:News - Second Time This Week!!!This deal is worthless, the only penalty is to lose exclusivity! What Gold Finance did is to get exclusivity in China cheap for five years. I would not expect a single penny more than what they put in. Remember also that Golf Finance had warrants which at one point were in the money they never exercised!!
Out of SEDAR early warning filed June 29/2017
… Warrants entitling JC Group to purchase up to 8,333,333 common shares of the Issuer at a price of $0.60 expired on June 18, 2017.
Immediately before the occurrence that triggered the requirement to file this report, JC Group
held 10,538,311 common shares and 8,333,333 Warrants, …
By the way they sold these shares. Where do you see them file a 10% holder? They are gonzo like many others.
I agree that a press release with $$$ is more powerful, but the Gold Finance deal is just another example of poor execution where exclusivity for one of the best markets in the world was given away for peanuts for five year!
By the wat it is not the CFO that issues the press releases and it is awful that the new CFO is also COO. I doubt that they will be able to attract anyone of talent with this team all waiting to cash in their parachutes while sucking the company dry of cash which is getting rarer and rarer.
Not to say they probably have underinvested in the technology for years while totally forgetting and taking care of their investor base. They put themselves in a corner, time to assume.