RE:As Usual, moe...
Roadrunner71 wrote: Misrepresents just about everything he writes.
Here is the truth about Xtract One's 50M financing.
Read it and weep, moe.
"The company's recent filing of a final short form base shelf prospectus with Canadian securities commissions, barring Quebec, allows it to issue an array of securities, including common shares, warrants, subscription receipts, units, and debt securities, amounting to a staggering $50 million.
The specifics of these securities will be determined based on prevailing market conditions and outlined in future prospectus supplements. Notably, the company has no immediate plans to initiate an offering, yet the filing aims to provide financial flexibility for the advancement of its business."
I'm not sure what source is being quoted by this post. My quote is
"and $50 million of capital sitting on the shelf to raise this year to stay in business." and I don't see how that's any different from your quote. Unless you don't understand what a "shelf prospectus " means maybe? Preparing a "final short form base shelf prospectus" isn't cheap. It's not like a PP or OM. I've prepared all three plus the long form type. They spent at least 200-300k preparing it because the know they will need to use it in 2024. If not, they'll have to prepare a new one when this one goes stale dated.
So, what am I weeping about?