GREY:SYXXF - Post by User
Post by
Canuck11on Aug 22, 2015 3:00pm
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Post# 24043000
Rights offering
Rights offeringTime to initiate some discussion over the weekend. If PVE exercises his rights then he will own the company. Outstanding shares will double if all shareholders exercise. Bridge loan extended out 2 years, interest rate on loan halved. Proceeds now used for debt and corporate requirements. At a time when global economics are critical on some many fronts, PVE must see a light at the end of the tunnel that isn't an oncoming train. His risk continues to climb for the foreseeable future. For those of you in touch on a regular basis, is there more news in the pipeline once the rights offering closes?
Risk/reward remains high and I remain uncertain as to what timelines are still required to realize a ROI. Any thoughts from those who have been in contact with the company recently?