RE:RE:Next Round of Funding?starsearcher40 wrote: The dillution needed to raise this money is staggering. The share price is in the toilet, and the market is clearly speaking that they're not impressed. I told people here the price was being propped at the $1.00 level to put the deal through, and they scoffed. Wellllll, there it is. Currently .77cents. Oh well. Live and learn I guess.
When the shares come off lockup, the price will tank again. Which then makes the prospect of raising more money even further out of reach.
Dead man walking imho.
Here's what the majority is not understanding. No more paper comes unlocked for another year, save for the $1.00 PP which is being filed as a short form prospectus. Those PP units have $1.50 warrants that are triggered with a $2 share price. Chucky has a year to run this deal higher and get as much money in the till as possible. So..... what is the catalyst to run the deal higher from here once the PP closes? Id argue a re-pricing of the 2.3 cent warrants. I see no other way. Either way, Im sure Chucky knew those 3.6 MIL pp units he bought would fall out of the money once the last tranche of paper unlocked... but he also knows he will come out on top. Watch.