Lifeist Wellness Inc V.LFST

Here's a proper def. of the situation... Not Random's guess

[Ninjabujinkan77]

Why Does a Shelf Offering Matter?

Shelf offerings give the company the flexibility to get the paperwork out of the way now and then offer the shares only when it needs the cash or only when the market conditions are good. They also signal to investors that the company intends to raise capital for new projects, possible acquisitions, or maybe to refinance something. However, companies aren't the only entities that can do shelf offerings; they can also involve founders or other managers (such as venture capitalists) selling all or a portion of their stakes in a company. Shelf offerings thus give these shareholders a way to monetize their positions.

Shelf offerings can dilute existing shares considerably if the offering comes from the company because new shares are being created. Selling a large volume of shares all at once can exert downward pressure on the stock's price -- a situation that is exacerbated when the stock is already thinly traded.

[Ninjabujinkan77]

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

[randomtask]

You 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

[Quicksand]

No where do they say they would attempt to raise the 90 mil. They actually say that at this point they don't need it. The fact is they may not need any of it unless they want to make a transaction. The point of a shelf is to get the paperwork out of the way and shorten the time line to raise funds WHEN required. If required.

[Ninjabujinkan77]

ummm hello the lock down helped ecommerce and had been propelling the sector ... hey this comment is very random.... did you even put any forethought into your illogical gibberish?

[randomtask]

Namaste actually underperformed relative to bricks and mortar during lockdown but that's not my point. My point is they need investor appetite to raise money and they become risk adverse during economic and market uncertainty, especially with a highly speculative stock like Namaste     

[randomtask]

If you think they dedicated their limited time and financial resources filing the perspectus "just in case", you really shouldn't be buying and selling stocks on your own... anyone who believes a cap raise is "optional" for Namaste in the next 6 months, is really setting themselves up for a letdown.  Please, for all that is good, accept that it's coming and you won

[Ninjabujinkan77]

First of all I'm not arguing the statement made by the CEO. Especially not with you... you already have your views I'm just proving your not as able to predict the future as you think... you might be right to some extent.. like I said I'm not arguing the companies own statements bit the truth is that it's not like you know what is going to happen... you might get lucky after all

[randomtask]

what have you proven I'm wrong on?  

[Ninjabujinkan77]

that's easy... you think you have it all figured out... but your opinions are contrary to the the facts.... you might be right on some stuff... and your basing some of your opinions on factual information... like the rest of us .. bravo!! But unfortunately you seem to misunderstand your view points as facts when it's really just your opinion there fore and hence inaccurate statements are

[randomtask]

Whatever helps you sleep at night.  Don't be surprised when they announce it.  Don't mislead investors into a false sense of security.  I didn't read the entirety your run-on sentence but I'm sure it was meant to prove me wrong somehow. Congrats, you're so smart.    

[Ninjabujinkan77]

like wise!! Talk to tomorrow...