Greenspace Brands Inc V.JTR.H

JTR gets extension of conditional approval of P.Equity Offer

[riskybznz]

https://ca.finance.yahoo.com/news/greenspace-brands-announces-extension-conditional-003700646.html

[NYX2017]

I've heard thru the grapevine most of has been sold, they are probably just trying to get some more buyers or closing the deals... back to .20 soon

[SimpleDude]

Interesting that this is extended to March 7th as we would expect to get third quarter results before then (Feb 20th last year) - which would significantly influence reception to this PP. My view is that third quarter may prove to be a make or break quarter for this company. I agree this could go to 0.20 if they have a successful quarter, NYX can you elaborate on "the grapevine" you

[happyhunting]

Posters on this site keep searching for the silver lining - when the SP was $0.80, $0.50, $0.25, $0.15 and now $0.06!  Very few companies make it out of this situation - they are over leveraged with expensive debt and the business is declining.  As suppliers tighten terms cashflow worsens, inventory is too low to fill orders, orders are missed, retailers get upset and potentially cut

[GreekRocket36]

Only way out was to sell a brand. If they had a low but decent offers and they passed, the board should go to jail. 

[Jameskemp]

They did sell one. Was not enough money I guess.. Yea I would not be surprised to see the pp get re priced at .05 .10 they are in a bad place !

[NYX2017]

What I've heard is just rumour, from someone that heard from someone that was buying in the PP I think, not reliable info but you have a good point, this extension is probably because the next results that are going to be announced in a few days are really good what will drive demand for the PP as share price will go up IMO. Those bashing are not seeing the value of the business, and there is

[Jameskemp]

I would not be so sure of the financials. They needed money fast for inventory and did not get it as they can't close this pp I think shortfall again and bad financials might be coming. Why they can't close this or raise at .10