GREY:BFDRF - Post by User
Comment by
investornoton Apr 12, 2017 1:05pm
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Post# 26113323
RE:RE:BFD's fate
RE:RE:BFD's fateI'd be careful not to completely discount a conspiracy here seinfeld1...
You use the notation 'sometime' in your description of financing. I too have been invested with companies that inserted some kind of poison pill in a deal that involved issuing shares to a potential competitor, but in those cases it was announced with the deal as it was material.
To my knowledge BFD does not have a Shareholders Rights Agreement, but perhaps it should have one if the current BOD wishes things to be above board. I'd like to see it in place to help protect my investment here based on what is transpiring in the whole area.
Also... note that the Feb 21st NR from BFD on the PP that OSK acquired 31,700,000 shares and also the rights to acquire an additional 10,565,610 shares @ $0.15 within 2 years of the closing date. That would take them well over the 20% limit, but I am sure they would disclose same prior to exercising that option. Getting more interesting?
Also in the Feb 21st release is a notation that the shares being issued have a 4 month hold on them. Doubt if this will factor in to any timeline but I have marked June 21st on my calendar all the same. Good luck!