RE: RE: RE: Now that Rule/Sprott have their cheap This financing speaks volumes about what the finance group is thinking here. A full warrant at $0.10 that is good for 5 years. Brilliant on the part of Sprott and the insiders. Too bad for the existing shareholders. The Sprott clients will quickly sell the shares and hold a 5 year option on the company at $0.10 for free. Expect to see up to 20 million shares sold between $0.05 and $0.10 once the 4 month hold is up.
But good news is if this financing closes they have some breathing room.