Searchlight Innovations Inc T.SLX

RE: Ahhhhh......Mr. Anderson...............

[HonestAbe]

We got some big whiners on this board.  Must be from the GGC boat because there was a vocal minority that whined about everything and how unjust their situation was.  Anyways, what did you expect was going to occur after the merger with $8M in working capital and two major assets that were in need of near term Capex to either put into production or significantly expand production?  This is also a strong bull market in silver.  NOW is the time for companies to dip into the equity markets to raise the money while it is readily available!
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Be glad that the predecessor of either companies did not raise capital with a sp in the 30's range.  I think 62 cents is a fair and normal price all considered.  The run up in the 76 to 82 cent spike occurred in only two days and the sp was trading for the most part below 70 cents only until the past week where it hovered around 70 cents.  Sure, maybe it could have been priced at 65 cents to minimize dilution and it still could have sold well but the silver market is currently extremely volatile and you do not want a PP deal to derail or hard to sell if the sp took a short term dip to 60 cents if silver sold off big.  Bottom line is it is just pennies and it really does not make a big difference in the overall scheme of things.  It is normal practice to offer PP shares at a discount to current or averaged market pricing.  It really is just whining.
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Now compare it to AUN.V where they more than doubled their shares out with an unprecedented $85M financing at 31 cents with in the money warrants (yikes!) when the stock closed at 47 cents!!!  That is a 34% discount!!!!