RE:RE:WHY, WHY, WHY?Nope... Board can do what he wants...and anyway...walter owns around 35% of the float!
I repeat...he wanted no dillution, we've heard that for almost 2 years! And suddenly he dillutes himself like crazy??? Doesn't make sens.... The only thing I can see is that a certain opportunity came buy and he needs money for that reason.... They did a full warrants guys! Talk about a guy that supposedly was looking for the best deal around for 15 months because he didn't want to dillute himself...and suddenly he does that?? MAKES NO SENS! There is something we don't know!
Why the suddent rush in getting this money? Why agree on a full warrant but put a speed clause of 20 trading days over a certain price you have 30 days to exercice or you lose? Why he added this clause? First time I see this! So why this sentiment of emergency?
I think he's working on a huge deal, he will need a lot of money to close the deal. Once this deal is announce, he thinks the SP will raise dramatically (thus the 20 days of trading over 1,75$), he will then use the money that the exercice of the warrants will generate to conclude this deal. Once again...if you calculate the warrants, this financing is generating 90 million new shares and bringing around 100 million to the table. Why he needs that amount and that fast when it's never been an emergency, his major concern was not to dillute!
fast track the project! Give me a break...this play was never a fast track play! It was step by step and they were patient...and this was their plan...
They would have make enough money in year one to drill like hell and increase the ressource without all this dillution... Now don't tell me he did it because he wants to prove as fast as possible that they are sitting on an elephant! They could have dewaterized and drill last year if it was their plan... It never was...they never express a rush in doing so...they certainly didn't change their mind last week!!
Mark my word, something big is about to happen! And if it's not the case, I hope IR will work double shifts to come with an answer as fast as possible!
not that in the financing NR, they didn't mentionned what they would do with that money...if it was just to create an agressive drilling program, they would have been allowed to advertise it...they said zip because they can say zip about why they are raising the money!
you don't increase the float by 2,5 times with no justification...they would have been allowed to specify...now they didn't! I hope it's not lazy IR once again...I hope it's because they can't talk about what they are working on right now... Are we getting bought? Are we buying someone? I don't know...but this is hidding something I hope!