Post by
Finallytherock on Oct 29, 2020 8:26am
as expected, bought deal
i am okay with it. they are growing through acquisitions so they need money to make money. also, keep in mind, the stock price was much lower not too long ago so to raise at these levels is pretty bullish. i presume we will see them put the money to use soon and acquire more groups thus growing the business which is what we all want
Comment by
Dunworkin2 on Oct 29, 2020 9:26am
Absolutely agree. Plus...its a bought deal with no warrant sweeteners. All good for long term growth.
Comment by
Equity4 on Oct 29, 2020 11:06am
WARRANTS Echelon/Beacon receive 680,856 warrants at $.47 issue price for up to 24 months. (plus up to 15% over allotment if applicable).
Comment by
Rc0gburn on Oct 29, 2020 11:11am
True, there are (at the money) broker warrants, but no warrants for investors as there was for the 15c round. And so there is less dilution than there might be with 1/2 warrants etc.
Comment by
WhatsUpDocTSX on Oct 29, 2020 11:16am
When the offering closes, maybe Echelon / Beacon will initiate analyst coverage.