Pounce Technologies Inc. V.POI.H

RE:RE:RE:RE:RE:Apparently news tomorrow

[NewDenverKnows]

I believe a number like .14 cents has been agreed weeks ago before we got here, and locked in with no escape because they can't gamble on finance looky loos. The market price will adjust back to the financing price.

Leafs4Life wrote: If they reprice at 0.14 this will sell down to 0.07.  

The company has no leverage. Everyone knows that they took out a bridge loan to keep the lights on until financing is complete.  Market conditions have eliminated the investing community's appetite for risk. The easy money coming from Calgary is gone. 

If the repricing isn't in line with the current share price (within 10%) it has a legitimate chance to fail and failure means the end of Slyce. Pricing 0.14 on a share price of 0.09 is a huge premium to the market.  Slyce is running out of time and the investors know it (which is why I said they should have repriced it two weeks ago.)

Management needs to get real and play ball.  Their story doesn't fly anymore because they have overpromised and underdelivered since the inception of the company. Investors will happily sit on the sidelines because they feel like this management team is trying to take them for (another) ride.  How do you think the people who added money at 45 cents feel? That was less than a year ago.  What about the people who bough in BEFORE the RTO at 0.25 cents whose lockup agreements have not completely expired?

There are a lot of Canadian investors out there who have been screwed by these people. I'm afraid managment can't dictate the terms of the deal this time.