RE:RE:RE:RE:RE:financingretiredcf wrote: I'm also in the camp that thinks this is very positive news. First of all, it normally takes awhile to piece together this kind of a deal. And money can still be hard to come by in these markets, particulary for VSX listed stocks.
The financing price of $1.90 is outstanding given that we only reached this level for the first time less than a week ago. Rather than BUS coming cap in hand to an institution looking for money, this looks to be the exact opposite. Given the speed of the deal and the price, it looks like Beacon decided that they'd better ante up and quickly before the SP got away from them. The announcement two days ago that BUS was accelerating the wt expiry date also indicates that they are firing on all cylinders and the future remains extremely bright.
All IMHO of course. GLTA
It's the best deal a company can get. It's much better to have an outfit come up and offer you $10 million than the cap-in-hand alternative. No warrants, at the high end of the range and likely totally institutional, meaning no flips for a few pennies. The acceleration of the warrants was just another indication this was coming, indicating cash was indeed an issue. In addition, the company requires capital to establish their infrastructure in the US and with revenues from the backlog not hitting the books until likely mid 2018, cash was absolutely an issue. I get tired of corporate management, not just BUS's, and politicians saying one thing and doing the opposite. However, if a person has seen it enough times, he knows what to expect and can adjust accordingly. Foreseeing this financing has nothing to do with being lucky or stating that it is required is not being negative, it's simply reality.