TSXV:BTI.H - Post by User
Comment by
chrispion Jan 29, 2021 6:45pm
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Post# 32426470
RE:RE:RE:RE:RE:RE:BTI:TSXV: Announces $200,000 Non-Brokered Private Placement
RE:RE:RE:RE:RE:RE:BTI:TSXV: Announces $200,000 Non-Brokered Private PlacementgreaterfoolFred wrote: Yea, but maybe it would have been clever to ask them to buy up to $.48 in the market for a certain period of time with the offer of a guaranteed placement if they could not get them all.
I don't think that would be clever at all.
What happens if they get $170k worth of shares in the open market. Does the company then do a placement for $30k ?
How long should they be allowed to buy the shares in the open market before a time limit is up and then doing the remainder as a placement?
The way they did it is the best solution for all.