Post by
Retiredgeo on Jul 09, 2020 6:43am
BMK is trying to raise another 2 million
As per this morning's press release BMK is tring to raise another 2 million through Eventus Capital Corp through the issue of more shares and warrants. It is my read that this is not a done deal, just a contract with a 7% commission.
Flow through units of one share ($0.10) and one half warrant ($0.20) are being offered as well as charitable flow through units of one share ($0.135) and one warrant ($0.20).
I am not thrilled with yet more share dilution. Let's get that Gold mine up and running!
Comment by
Anacott on Jul 09, 2020 7:36am
I warned the retailers about super dilutive terms. FT at 10c, are you guys choking? That's terrible and implies a value of around 7.5c assuming a standard 30% premium. Oh well, this screams for a reverse split! Poor investors!
Comment by
shneps on Jul 09, 2020 8:02am
Geez and you wonder why there were 10.7 million shares dumped by brokerages yesterday. There is nothing worst then NR releases being leked ahead of time. Shareprice is toast and shareholders are diluted again. Expect another 25% drop in shareprice. See ya.
Comment by
shneps on Jul 09, 2020 8:10am
Meanwhile the bid is currently building at $0.09. I will not participate in a stock that has so grotesquely been manipulated by traders. The area does have tremendous potential and has great attributes, related to infrastructure availability. Too bad management has alterior motives other then shareholder value. Be cautious out there. Cheers
Comment by
StockRider on Jul 09, 2020 9:10am
@shneps - Good for you and yes stay away from BMK as this stock is not for you...
Comment by
Retiredgeo on Jul 09, 2020 9:13am
Sorry, missing word - typing too fast Flow through units of one share ($0.10) and one half warrant ($0.20) are being offered as well as charitable flow through units of one share ($0.135) and one half warrant ($0.20).