RE:4:30 Pm Calgary TimeGolf.....
A more compelling question???
If you were a debenture holder....would you at this moment take the discounted 'paper' and hope....or take your money back....based on the track record I'd take the cash ( it's a sure thing )!!
If you were the Company....would you rather accept the dilution ( if you could have it ) or raid the cash box of some $3 million....I'd choose the dilution in a heartbeat and conserve the cash!!
You're the accountant !!!!
Speaking of dilution...might I remind you that the Company had no qualms about diluting you to the tune of almost 34 million shares in last Spring's P/P ( to raise cash ).....and....big AND ...if the price exceeds 25 cents by very much before Summer 2018...you've got some 17 million attached 25 cent warrants from the placement waiting to be exercised...more potential dilution.
Dilution has been their lifeline and will likely continue to be...just a reality of an upstart!
Eventually you'll all have to address the surreptitious 'rollback' that's quietly lurking on the books.....gotta' get this to a more respectable price and get an upgraded listing!!
Are you enjoying the share trading of the last several weeks....all the Mom and Pop retailers raiding their cash jars to pony up a bet ( SMILE )!!
One would have to have fallen from a turnip truck to not recognize this quaint little 'massage' job....what ....oh what ...are ''they'' up to??
I'm confident that Butch has it all figured out.