GREY:MWSWF - Post by User
Comment by
aweighon Jan 20, 2015 11:35am
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Post# 23339310
RE:RE:Galena may buy it all for .12
RE:RE:Galena may buy it all for .12kisstopherp wrote: cardinal14 wrote:
not a bad plan for Galena
Not likely - why buy it at .12 when you can buy it at .05? What this shows is that Galena made a mistake at .12.
They didn't make a mistake. They could have financed the Co. using all debt at 12 % or higher but elected to take some equity at .12 as a show of good faith. They are aligning their interests with ours, at least to some degree and the dilution at .05 would have been devastating to common shareholders, a defacto takeover . Galena are running a business not a $ 10,000 penny stock portfolio and so their time horizon is generally longer than 3 days until settlement or even a staggeringly long time like the 30 days some people are talking about here.
They will make a lot of money from MWE over time !