OTCQB:UEXCF - Post by User
Comment by
bottomtrawler01on Apr 19, 2018 1:22pm
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Post# 27912244
RE:RE:RE:RE:RE:RE:Going out on the limb with a prediction.
RE:RE:RE:RE:RE:RE:Going out on the limb with a prediction.As of Jan 24th, they had 9.8 million in the bank. Not sure what they have spent since then. I would guess that any past private placement financers holding option warrents would exercise them in the not too distant future.
"As a result of Mr. Sorensen's and the institutional shareholder warrant exercises, UEX issued 22,761,905 shares and received proceeds of $5,028,572. With the exercise of these warrants, this puts the company in a strong cash position at approximately $9.8-million."