TSXV:NSP.H - Post by User
Comment by
BlazzingKon Apr 19, 2016 9:51pm
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Post# 24786886
RE:Warrent Extention: Why?
RE:Warrent Extention: Why?I remember reading somewhere that warrants cost the company something when they get exercised. I might be mistaken, but if it were so, this would explain why they would extend (preserving capital for future P.O's or any business related stuff instead of just paying investors). If you remember, the cash flow position of the company wasn't too high and if we needed to have additional P.O's we might need additionnal money to get them executed (according to the latest webinar). In any ways, I think they are trying to preserve as much money as possible in order to protect the company's finance and prevent having to dilute again. Craig stated in the last webinar, that he would prefer any other options before having to dilute shareholders again. We'll see what happens. As for Spaceman, honestly, I have the same opinion you do. Sometimes I expect alot of this company but then I am reminded by talking about hemp to non investors that alot of people are still clueless about this product and all it's benefits.... or do they even give it credibility because of all the brainwash that was done by our government in the last few years/decades.... It's a shame we have to start from nothing but I think it's very possible to build something strong, we just need patience...
p.s I'll try to find a worthy source for my warrant thingy.