OTCPK:RKNLF - Post by User
Comment by
MatWeion Dec 13, 2016 9:55am
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Post# 25590950
RE:Well
RE:WellWell, shares don't seem to be crashing quite yet. Don't forget the warrant exercise has a minimum floor price of $1.09 USD which at current exchange rate is around $1.45 / share. Still enough warrants at that price to get majority ownership.
factRbest wrote: Can't say I wasn't expecting that.
Eve the assets were lowered by 70 million.
Across the board yuk.
I have seen this play book before.
This should take the shares down hard do that $120 million warrant value will be made up of many more shares, further diluting the existing shareholders.
I really hope someone is watching and if the shares drop hard they make a competing offer.