GREY:ATNAQ - Post by User
Post by
the_ocotilloon Nov 12, 2010 5:30pm
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Post# 17700803
And finally we get diluted!
And finally we get diluted!And now we get diluted. How nice, now Hesketh can't "crow" anymore about how he hasn't diluted shareholders to develop restart Briggs, as if that somehow made up for the terrible performance of the company! Sold the royalty portfolio for $20m, took out debt for $14.5m, and now a "bought deal" financing of $8m. That totals $42.5m and Briggs isn't even profitable yet. With the recent revelation that Pinson might end up as a waste pit why haven't I sold all my shares yet? (Love the heading of the recent press release. Hush, hush, people).