GREY:RGVNF - Post by User
Comment by
Monedas1on Jan 26, 2006 10:57am
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Post# 10252000
RE: Follow up NR. . Protects Current Shareholders
RE: Follow up NR. . Protects Current ShareholdersNotice: The form of this placement PROTECTS current shareholders and future investors in three ways:
1.) The price of the private placement is similar [$0.10 per share] to the current price even after the run up of the last 2-3 weeks.
2.) The warrents are significantly higher than the current share price and in fact are almost 3 times the current share price at $0.30 per share.
3.) The warrents expire and must be exercised within 30 days if the share price increases and stays above the exercise price for 10 consequtive days. This means that two years from now or six months from now when the share price is $3.00 per share, a bunch of insdiders with cheap warrents are NOT cashing in at our expense.
Regent's management and private placement receipient must be VERY VERY CONFIDENT in a share price increase in the future!!!!
This is the way private placements should be done and protect us the shareholders. ASD's management should take a lesson.