Post by
TTMAC on Feb 18, 2022 1:21pm
Financing
You may depend what will happen to the share price when you do a financing at $2.85 and the share price is about $3.20.
I wonder sometimes if companies really appreciate the share`a holders.
TTMAC
Comment by
Crypto2018 on Feb 18, 2022 1:29pm
I would say there will be huge news coming !!! Sitting on 90 million dollars in cash is for one reason and it will benefit all shareholders!!!!! this will be a very rewarding ride over the 60 days
Comment by
oilisswell on Feb 18, 2022 1:38pm
That is exactly what I am thinking. Why else would GGD raise capital when they are already sitting on millions? To satisfy Sprott? Other underwriters in the syndicate? To decrease the SP? No, they will use it to increase shareholder value (Brad et al hold lots of shares). It is, after all, a relatively minor dilution, with potentially large shareholder benefits!
Comment by
PaulHenderson75 on Feb 18, 2022 3:13pm
Keep in mind how long it takes to process one of these. It was only 8 days ago where we were sitting at $2.75, so $2.85 would have seemed reasonable!