TSXV:EVE.H - Post by User
Comment by
MJVigilanteon Jan 18, 2021 5:59pm
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RE:I am officially claiming foul play on EVE
RE:I am officially claiming foul play on EVEthey should have, she would have got herself better terms. Likley could covert at 45 or 50 cents insteads of the 60 she now has to convert at. They may have been afraid to get themselves a better deal by doing as you suggested.
That is what made me feeel the RS was forced upon the,. any greedy executive would have RS 1st, watch the price drop then do a pp. Like the rest of this business to date, either bad luck or poorly executed
Phileagles11 wrote: After looking at the sequence of the n/r's last month, something just doesn't seem right.
EVE knew that they were strapped for cash before the last quarterly financials were posted. They also would have known of any sales revenue coming in over the next few months.
Why didn't the company do the r/s at this time along with a pp to obtain cash? Instead, Meli completes a financing deal for $550k that pays her interest at a rate of 10% per annum AND then the company enters into a $1M financing loan with a private consortium of lenders where interest is payable monthly.
Am I missing something here? Shouldn't they have started with the r/s and pp before going out for loans?