RE: Financing at .22cThis is the last straw for me. It is a huge disservice to existing shareholders to allow the share price to get pushed down to do a financing. The shares touched .22 for the briefest of moments, and that's where they do the placement! Pure garbage!
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Compare this to PKL who announced a placement at $1.82 (April 4) which was at a virtual 52 week high. They closed the placement (at announced $1.82) a couple of weeks later, oversubscribed, when the share price was about $1.50. Also, zero warrants attached! That is taking care of existing shareholders. Take a look at the graph to understand what I'm talking about.
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Besides, management at UCU has missed all their recent milestones. They are in danger of losing the race to be one of the first into REE production in N.A. Now that the placement is announced at this basement level, I'm sure the share price will begin to recover. However, I've lost all confidence in these guys. I'M OUT!
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Good luck to all.