Possible takeover in play
Kindly advise numbers for correction. Beneficial ownership reporting is done at 10% or greater in USA and 25% in Canada. Under this no reporting is required. Friends not voting together but co-operating could already own a large piece of this company. Since shares can sit in "street share format" even the company may not know who owns the shares. Now the company or someone walked down the share price. The prospectus offer for a lot of cheap shares is out. The cheap warrants for a long time is exercise able at any time whilst most believe to wait it out, I believe a lot would be exercised sooner. Too many shares are available on this offering. Effectively company is being sold @ 32.5 cents/share. A new controlling shareholder could get rid of existing management, control how corporate funds are spent. I as a retail investor believe money invested for me is dead money for years , it is time to sell.