RE: RE: RE: Why so quiet??Predicting mid-long term share price on a high risk stock is dependent on luck. That's why I haven't made predictions about GBK. I have pointed out the risks going forward. That's not too hard to do If you keep an open mind and don't let $, or faith, or just plain luck rule your decisions. Easymoney shows up after bad news and makes negative guesses. I'm sure that took a lot of cognitive effort for him. TD still has a book value of .20 /share for GBK. Always good to have assets to fall back on.
We just had some nasty news, probably for the reasons I outlined in my last post. The first issue was very roughly for one year's operating expenses. 2nd last News release said that GBK had to share legal expenses. That could have prompted the second issuance to cover present and future expenses. Whatever the reason,
they have to present a good reason to the TSX before issuing shares and it has to be approved.
Here are the rules as per the TSX Venture exchange,
POLICY 4.1
PRIVATE PLACEMENTS:
1.7 Part and Parcel Pricing Exception
The Exchange may accept the pricing for a Private Placement at no less than the Discounted Market Price on the day before the Issuer publicly announces a transaction constituting a Material Change, if the Private Placement and the Material Change were announced in the same news release and the Private Placement is integral to the Material Change. The following conditions must be met at the time Notice is filed with the Exchange:
(a) The Private Placement funding must be specifically allocated and necessary for the Material Change. A general statement that the funds are for unspecified working capital requirements is not sufficient;
Link to read the rest.
https://www.tmx.com/en/pdf/Policy4-1.pdf