Renegade Gold Inc V.RAGE

Existing shareholders are getting boned!!!!

[marpincan]

With no money in the kitty, a capital raised was required but the way it was done screwed existing shareholders with quite a large discount to recent trading a warrants to boot. They are giving someone a real nice deal here. The previously executed 10 for 1 share consolidation actually made things worse. As ussually happens after a share consolidation like thant, the stock tanked. Something tells me that the share consolidation was done on purpose to drive the share price down (always happens after a share consolidation) and now with this placement, those participating get a big chunk of the company for peanuts! Long standing shareholders get boned!! Can't figure why Starr is just sitting on the side lines - he did have millions of shares in the old Trillium which are now hundreds of thousands of shares worth a lot less. I suspect that a carrot of some sort has been sent his way. 
  Yes they needed to raise capital but doing it without the share consolidation at 9 cents pre consolidation (90 cents) should have been doable and a far better deal for existing share holders.
  Existing shareholders have been boned! Those who got the private placement picked up a large piece of the company for peanuts! They now have 5 million headed for the kitty and need to prove up something worth mining so that this company amounts to more than just a large holder of prospective moose pasture!