RE:RE:RE:Shares for Debt TransactionSnuggles wrote: Many posters here will be glad to hear that for once I really don't know what this will go to the sp? It's clearly good to reduce some of that debt although the Stike price is pretty much a giveaway to the participants if the current sp holds up at 18 or even go higher. On the positive side for the longs the participants must believe in the future and the debt is that much less. Plus 27m dilution relative to issue is about 5% where sp has grown 600% since relist on cSe so nothing to moan about there. If this can go on to 25 as some believe (without sales and based on past few weeks trading patterns I think it can) then who knows where the sp is headed. Sna seems to be able to defy gravity but I'm sure the longs don't mind. GLTA
Your most positive post in a while snugs, whats up with that? I thought we were going to beat the 19 cent high last week. The beginning of a new leg up, now with this pr, i like you, have no idea where this is headed . Maybe back to 15-16 cents range before heading higher? Certainly a possibility. It will depend on how the market reacts. Debt reduction vs discounted dilution although very small. It's a positive negative. We shall see Tuesday I guess.