Post by
EricLeboeuf on Jul 26, 2018 7:42am
We have no choice to vote YES
After the RTO work and AGM, the company will most likely have less than 500K in the bank with no big interesting property
We are between a rock and a hard place
This said, a 10 to 1 reverse would have been more "right" for existing shareholders, the float would have been 6MM instead of 4MM....Not so bad IMO, Liquidity is good
I would have included a rights issue for existing shareholders so that they can subscribe directly into the 0.50$/.65$ financing Maybe it's not to late to include this
Comment by
Investor4real on Jul 26, 2018 8:26am
Why not just pick-up on the open market when the dust settles?! Maybe not! With such a tight float you just don't know where this goes!! In the end, if you hold long enough, you should make some money here!! Could get very interesting!!