TSXV:EVE.H - Post by User
Post by
mystique1on Oct 30, 2019 6:10pm
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Post# 30289042
How does Eve want to raise money? Debt or Equity?
How does Eve want to raise money? Debt or Equity?here is a shocking way to decide the wrong course.......ie. Zena
After announcing the rights offering, Zenabis's shares plummeted to 29.5 cents from 49 cents, and the stock has continued to drift to today's closing price of 25.5 cents. Opting to raise money through equity rather than debt, Zenabis offered a 73-per-cent discount on share purchases through the offering. Existing shareholders will have the right to buy more shares at 15 cents, compared with the company's 49-cent share price before it announced the offering.