OTCQX:DMMIF - Post by User
Comment by
mtsuiton Jun 23, 2015 7:47am
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Post# 23858306
RE:RE:News Release....Production Ramping Up
RE:RE:News Release....Production Ramping UpBorrowing $4mm at 20% for one year costs $800000.
Raising $4mm in an equity financing probably would have meant selling 7mm shares at $0.60. About a 16% increase in share count.
Under these circumstances the debt looks like the better choice. But this shows where lack of effective communication has limited the company's options. If the company were better understood and had a higher market profile then maybe equity would have been available at a reasonable price.