CryptoGlobal Corp - Ordinary Shares CYXTF

RE:RE:RE:Step in the Right Direction

[Dmajorminer]

By knowning how Bay street works I would say CPTO is even more screwed than they think.  First they screwed their original underwriter, Canaccord by going to Eight Capital.  That likely pissed of Canaccord who drove the stock down way below the. $1.20 price.  If that wasn't bad enough they then screw Eight Capital by going to a private concern and then piss them off.  No one on BaY Street is now going to touch this company. I bet they have been blackballed. 

If that isn't enough it likely gets worse.  Look at this clause in the news release ....

"The first tranche of CAD $5 million (the "Tranche 1 Loan") will be drawn on closing which is expected to occur in the first half of March, 2018, subject to settling definitive documentation, completion of satisfactory due diligence on the part of the investor and the approval of the TSX Venture Exchange (the "TSXV")"
 

What this basically means is that over the next 15 to 20 days they can walk from the deal whenever they want.  ie) if the share price continues to stay below .90 cents then they will most surely walk as they can't make money unless they sell above the $1.00 mark.    ie) the  investorss $15 MM of capital is at risk on an economic model that doesn't work.

My next prediction is this " investor" walks from the deal and this stock is .50 cents by the end of March ( and still overvalued BTW) because this investor will surely walk and Bay Street won't go near this company after being shunted.