OTCPK:EXSFF - Post by User
Post by
M139on Nov 13, 2013 8:10pm
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Post# 21903944
Delay of rights
Delay of rights
It was obvious that the rights offering was just not a fair deal all the way around. Now that we have the consolidation and establish a market value which should actually be in our favour if the HFT autobots do there thing (sell sell sell) we could see pretty much the same deal at .05 BUT they better include a warrant this time at say .07 or max .08 and good for at least two years or I'm out.
The bigger problem is getting the $10 MM they are looking for. They will need to offer 5 rights per share for 5 shares at .05 which will take us right back up to 250 MM float. They might have to settle for less for now, $5 MM should be enough to prove up some resources and get the SP moving and as long as they don't spend all the money on salaries.
Seems like no matter how I crunch these numbers, this is not looking promising.
M