G6 Materials Corp V.GGG

Alternate Symbol(s): GPHBF

Chemicals Specialty Chemicals

G6 Materials Corp. is a technology company that is involved in the development of graphene-based solutions. The Company is engaged in the development, manufacturing, and sale of graphene enhanced materials. It sells a range of graphene-based products and other materials, including but not limited to conductive epoxies, high-performance composites, and research and development (R&D) materials. The Company’s products include air purification systems, conductive adhesives, advanced materials and composites, and research and development (R&D) materials. It has developed and is commercializing a proprietary filtration system to eliminate not only fine particulate matter but also volatile organic compounds and pathogenic microorganisms like fungal spores, bacteria, and viruses. It provides G6-EPOXY electrically conductive adhesives, which work in a broad temperature range and demonstrate adhesion to a variety of materials, including plastics, metals, glass, and ceramics.

TSXV:GGG - Post by User

G6 Materials Corp

Bullboard Posts

Comment by zbaronsamedion Jan 16, 2018 11:33am

146 Views

Post# 27368014

RE:Responsibility to the company

Raptor7 wrote:
I thought BOD's had a fiduciary responsibility to act in the best interest of their companies. It sure looks to me like this board has put friends and family ahead of company in this case.

The company announced the following on November 22, 2017.

A total of 4.3 million warrants issued in a private placement closed Dec. 18, 2015, will have the exercise price amended from 30 cents to 12 cents and extend the term to Feb. 18, 2018.

A total of 3,766,600 warrants issued in a private placement closed July 11, 2016, will have the exercise price amended from 25 cents to 12 cents. Insider participation in this placement is 17.18 per cent.

A total of 3,293,750 warrants issued in a private placement closed in two tranches on Sept. 13, 2016, and Sept. 29, 2016, will have the exercise price amended from 25 cents to 12 cents.

All amended warrants will include the following acceleration provision: The exercise period of the warrants will be reduced to 30 days if, for any 10 consecutive trading days during the unexpired term of the warrant, the closing price of the listed shares exceeds the exercise price of the warrants by 25 per cent or more.

Well, guess what? Only two days later, the share price had already exceeded the warrant price by 25% and ten days after this the acceleration provision had been triggered. The company made it official on December 20, 2017 stating that the warrants would expire on January 18, 2018.

So where does this leave the rest of us? Well, no doubt some of the current selling will be owners of these warrants freeing up cash by selling common shares so they can exercise their belated Christmas gifts and undoubtedly there will be plenty additional selling after these 11 million insta-doubles start hitting the exchange floor on January 18. Why would anyone buy today?