GREY:RDEMF - Post by User
Comment by
stazon Jun 29, 2017 9:05pm
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Post# 26422368
RE:RE:RE:NEWSWIRE RED EAGLE ANNOUNCES MAJOR SHAREHOLDERS RIGHTS
RE:RE:RE:NEWSWIRE RED EAGLE ANNOUNCES MAJOR SHAREHOLDERS RIGHTSwiseyoungman wrote: Since I am still on Red Eagle mailing list, I get PR sent to my email. Funny how the Company is firing these off in the middle of the day to generate a frenzy which is not working to get the share price up.
Keep in mind the major shareholders, Liberty and Orion, hold the secured credit line debt. Their risk profile is very different. If the Company runs out of cash, they have all the mine assets secured as collateral for the loan.
GLTA
You are lying and you know it. The sp spiked from $0.26 to $0.295 in less than an hour. This news gives totally different colors to the picture. As per secured debt , well, the debt is secured but not the shares they are buying now. With this announcement it's clear that at least 50% of max subscription the company will get. Hence, it most likely will have enough money to live through 12 month and, hopefully, rectify their problems. Today's announcement changed a lot of things, but you either don't get it (which is sad) or you're trying to pull little dirty tricks, which is disgusting. You need to grow up, really.