RE:RE:Here's a proper def. of the situation... Not Random's guessYou realize they don't actually have $90M to access right? They applied to the TSX saying they will ATTEMPT to raise UP TO $90M, which i think is probably 100% dilution based on WVAP or something like that which is where that number comes from. Either way, I can guarantee you they will not be able to raise that, in aggregate, over the 20 some odd months its applicable. I would be surprised if they could get $20M worth of appetite in the winter, especially with a second lockdown looming.
Ninjabujinkan77 wrote: The truth is that we don't know when or why the team at Namaste will or will not use x amount of the 90 mill prospectus. All we know is that we have be adequately notified of a strategy to keep things going should it be required to be implemented. But, we can also hope that if and when they implement said strategy we do see a good outcome from the transaction... and there is a chance no dilution will occur should it be a bought deal.