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Bullboard - Stock Discussion Forum Zenabis Global Inc. T.ZENA

We are a diverse, passionate team of doctors, scientists, researchers, growers, educators, and advocates who came together with the goal of increasing access to safe, high quality cannabis for medical patients and recreational consumers. Our four facilities are located coast-to-coast across Canada in Delta and Langley, British Columbia; Atholville, New Brunswick; and Stellarton, Nova Scotia... see more

TSX:ZENA - Post Discussion

Zenabis Global Inc. > Managements offering at very low prices to raise max
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Post by edrose on Nov 17, 2019 9:36am

Managements offering at very low prices to raise max

20 million dollars will dilute equity by close to 66% huge dilution since they are adding around 139 million shares  that’s facts not bashing 
management over promised and massively under delivered another fact not bashing 
WHY DO YOU THINK SP DROPPED FROM OVER 3.20 TO .19 IN PASsMONTHS
Comment by CannabisHero on Nov 17, 2019 10:23am
I am able to exercise my rights and also increase my position by 66%, so not dilutive.
Comment by bassfishing88 on Nov 17, 2019 11:15am
Not dilutive to existing shareholders at all if you take part and exercise your rights.Only dilutive to new shareholders.Year to date ZENA is doing worse than TRST on a percentage basis.That is only b/c of the downward share price when the rights offering was announced.Does that make sense-NO,I believe this artificial dip will be short lived and one should take part in such a gift we are given.May ...more  
Comment by truthseeker1 on Nov 17, 2019 2:55pm
your about as wrong as u can get adding 140 million shares is most certainly dilutive what your saying makes no sense here at all as in none;;;;;;;we had a book value based on 175 million shares and now its based on 310 million or so dilution has nothing to do with any shareholder  its the over all picture and its a serious dilution however there so desperate for cash this was the only way to ...more  
Comment by truthseeker1 on Nov 17, 2019 2:59pm
LOL u guys kill me here u really do explore the definition of dilution before posting rediculous statements like you just did increasing you share count has zero to to with dilution for sure but adding 140+ million shares to the overall zena float is massive dilution thats almost a 2 for 1 trade
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