TSXV:CYX.H - Post by User
Comment by
LandyJon Jan 16, 2019 11:54am
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Post# 29239862
RE:RE:Any cash left
RE:RE:Any cash leftEarlyone_1 wrote: My guess is they will try to walk the share price higher before announcing another financing.
I (very respectfully, Earl) disagree. My experience with penny's is that any new money is going to want as many shares as possible. The share price will be kept low, so the new $100K buys 2.5m shares at .04 vs. 2m shares at .05. If Roger needs money, there will be a financing announced before any news. The good Ol' Boy network in action. (I'll be happy to be wrong...)