RE:Follow upWell said both Matlas and Steve.. Something to bear in mind in the midst of all of this.. back in June of 2020, the begining of covid (feels like a lifetime ago but in reality just a few years).. Total shares outsanding for LME investors was 181,125,977. Today, three and a half years later, we sit at 263,346,102 share outstanding. Effectively a 45% increase in shares over three and a half years. While the share price has gone from .14 cents at the time to the 0.49 range today its hard to use that return as a solid value indicator as we have all said many times before the share price is note tied to the true value (or at least the value we hope) of LME. It is not out of the realm of possibility to think the SP could go back down to 0.27 post AGM. Should we be prepared for the possibility of another 45% dilution over the next few years if a deal is not reached?
2% dilution in itself is not a big number, but all those small portions of dilution do add up. I understand people deserve to be paid for their work but finders fees are a commission and we have been told this is the same group who has bought in several times. This is effectively the "finder" who is essentially quintuple dipping (this is the fifth finders fee they have recieved). should they continue to be comepensated for referalls they made several years ago? If the PP was indeed a favour to investors to get in at the 11th hour this finders fees is starting to feel like a secondary favour within the bigger PP favour.
Steve the way you describe it "Due diligence on investors, connectivity to investors, managing sub agreements, setting up meetings with these investors and closing the issue all take time and the folks who put that time in earn their fair compensation" This sounds more like facilitation. Is mine equities ltd. in the business of facilitating private placements? That is kind of how it is made to sound in this case, if that is the case a simple change of title for the fee ie "facilitation fee" isntead of "finders fee" may clear a lot of the confusion up.. unless the is some type of OTC or TSX regulation over fees titles pertaining specifially to this siutation.