RE:RE:Debenture conversion - my take on it ... Wasn't implying for a second that F/S was planning to flip those shares as
an exit strategy. What looks better on their books, 4+ million cash or 20+
million shares at eventually $1 ... $2 ... $3 ... wherever it ends up? Had they
not converted, that would really have cost them.
F/S already controls RM, which with the addition of MLB will be Cancana's
only revenue source unless we utilize the conversion funds to obtain and
develop our own Mn resources outside of the partnership. Is there really any
doubt as to who's in charge and running the show?
If you're attending the AGM, why not pose the question as to "Why now?".
Or, maybe the answer will become self evident prior to or at the meeting.
My TFSA account is also going to burst at the seams!!! Thanks Heavy!