RE:RE:NEW OFFERINGTotally agree with you. Getting our first institution is huge. I don't think that these naysayers really understand the positive implications. BTW, retail investors just don't get in on Bought Deals - anywhere. If you had $8.5 million to buy just one stock, you'd be an institution too.
And with the overallotment provision, we get $10 million, enough to finance the pilot plant, prove the process and complete the Feasability Study.
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Next news release needs to be details on the pilot plant which I believe will come soon.
Yes, please chill. This is a big positive step forward.
NoBaloney wrote: This is a Bought Deal meaning that we have money in the bank and an institution (our first) backing us up. They will defend the share price. With our first institution promoting us, we will also get a lot more coverage. Better this than staying virtually 100% retail as we are now.
All is good - Chill !!
HalGriffin wrote: WHAT THE HELL!
Why would they make this offer to existing shareholders??
Something smells big time.
Don.....what is your response?