GREY:BIXZF - Post by User
Post by
TSX-BEARon Jul 09, 2013 4:22pm
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Post# 21597302
It means More Dilution
It means More DilutionThe debenture bond holders from Nov 2012 gave BXI 3 million cash for a convert to 30 million
10 cent shares with a juicy 15 million 15 cents warrants
Now to entice them to hold on and waive their 3 milion dollar lien on the same assest now for sale
They will get 30 million 5 cents purchase warrants for free.
So the overhead resistance of shares being sold will be huge, for example Juanito and the insiders who have debentures can now get a FREE double of their new free warrant shares at 10 cents AND at 15 cents they get another 50 % gain on their intial convertable shares AND as they get to ride FREE 15 cents warrants with no more risk
all the while getting a 12 % return on their money and CS gettign $ 5,00 per week and thge other guys getting salaries for what - no plant no product
30 million new free 5 cents warrants plus 30 million 10 cents convertables plus 15 million 15 cents is 75 million NEW SHARES to chew through to get past 15 cents ????
Oh and the proviso at the end of the NR is that there may be no JV deal and the company may be sold along witht the remaining assets
Way to go CS you are a good accountant to count all those beans