RE:RE:RE:RE:500 million market cap?tomgranite wrote: osfowler, one TSX stipulation of doing a financing is that the price of the PP cannot be below 5c. Investors expect a discount to market share price in order for them to cough up cash. Given GGM's current SP, a roll back will be required in order to price the PP above 5c. My guess is that a 10:1 RB is done and a financing around 30-35c is done.
Roll backs are a sign of weakness in company. It means that cash raised from previous financings have not added value to the company. If a RB is announced, some investors will sell without even reading the rest of a NR.
fj, this prediction I made a few weeks ago, is it close to what you are being told as an accredited investor?