3.14% increaseChuck's shares for debt today will increased his holding in Cantex by 3.14%. CF will hold 32.63% of the O/S. Solidifying his position, that ol Chucky, no one can say he doesn't recognize deal when he see it. The TSXV allows a 25% discount to market on shares for debt settlement - thus CF's deal at 7 cents.
Looks like it's time for P10 to increase his holdings by 3.14% as well. Wish I could do so at 7 cents as well but hey, I haven't been paying CD bills for the last few years either.
P10