OTCPK:RKNLF - Post by User
Comment by
kevinNashon Feb 25, 2017 1:34pm
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Post# 25893527
RE:An entry from here
RE:An entry from herePivotcatalyst wrote: Danielle Royston was hired as a turn around specialist
share price is at $1 where will it be in 6-12 months
It is impossible to post without disrespecting the fallout for current shareholders , and I have been there before ,
800,000 Series A Preferred Shares (the "Preferred Shares") of the Company and a warrant (the "Warrant") to purchase 46,285,582 common shares in the capital of the Company ("Common Shares") for an exercise price of US$1.2963 per Common Share for gross proceeds of US$83.2 million (the "Transaction") pursuant to the terms of a subscription agreement (the "Subscription Agreement") among the Company, ESW Capital and the Investor.
Give a monkey 600 million and I'm sure the monkey could turn this company around. I have to laugh that they said this with no real monetary commitment from ESW. shareholders never had a choice as ESW and Investco outvoted everybody. So again, it really makes you wonder what ESW promised Investco. This wreaks of cow dung.