RE:RE:RE:RE:RE:RE:RE:RE:RE:Over at the c_o.ca siteLire02 stated, "YES. BUT NOT ACCORDING TO ME, ACCORDING TO THE PROSPECTUS, PERHAPS YOU MAY HAVE MISSED THAT IN YOUR PERUSAL OF IT."
RESPONSE: Here's a question for you Lire02.
Was it me who brought up the issue with respect to no holding period being attached to the shares being purchased by way of this $30M bought deal offering?
I brought the issue up because I know exactly what the news release regrading this bought deal financing does not contain, i.e. that certain exact statement with respect to any mandatory hold period being applied to any of the GRA shares being sold by way of this bought deal.
By the way, the persons representing the regulatory agencies you referenced don't care. They are too busy being asleep at the switch, so to speak.
You mentioned me providing you facts, not hyperbolic synicism and suggested that such facts will guide you.
Very well then here's a fact for you Lire02
FACT:NanoXplore's share price was far above $5.00 per share months prior to this bought deal offering and just before this bought deal offering was announced the share price was above $5.00. The share price is presently $4.25 and the bought deal offering is priced at $4.60 per share.
Question: Do you notice the intended direction of NaoXplore's share price; it's very obvious, yes?
The company's C-suite representatives insured to provide a ability on the part of the underwriters to most recently short from above $5.00 per share to $4.60 per share; and NanoXplore management didn't bother requiring a necessary hold period being applied to any of the bought deal shares.
Qusetion: I suppose you don't find such a clearly intended maneuver on the part of NanoXplore C-suite representatives entirely suspect?
Why not price the bought deal shares at a average 30 day price point determined prior to the bought deal being negotiated?
It would appear to one that NanoXplore C-suite representatives were in a hurry and therefore seemingly desperate to grab this $30M in capital from the underwiters'. The underwriters therefore insisted on the additional deep discount to the share price at the time.
What Soroush Nazarpour et al., are not in a hurry to do though, is to tell GRA share holders precisely, not generally or possibly, what that $30M is going to be spent on.
Perhaps Soroush Nazarpour will have a conversation with that certain individual associated with and posting at the ceo.ca bulletin board and tell him first what he doesn't seem to ever want to share with NanoXplore's 'minority share holders first?
Should they not manage to redeem themselves in the eyes of NanoXplore 'minority' share holders, Soroush Nazarpour &Co are going to wear the stink from yet again another SeedyNx and prospective lands development kind of company maneuver; and CannaOcrap and National Bank Financial being involved with this severely discounted bought deal is, in my opinion, always worthy of a red flag.