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Nordex Explosives Ltd V.NXX

"Nordex Explosives Ltd is engaged in development, manufacturing and resale of explosives products in Canada."


TSXV:NXX - Post by User

Post by withoutabiason May 28, 2013 3:17pm
174 Views
Post# 21451290

BUYING ACTIVITIES

BUYING ACTIVITIES

It was not me who was buying. Interestingly enough there is no evidence that the company needed the money at the time of triple dilution. This growth was going to happen in the normal course of action with the existing equity base. otherwise the sales would triple.  The dilution also affected the per share numbers, significantly and negatively.

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