GREY:ALXDF - Post by User
Post by
Schmobyon May 23, 2018 1:02pm
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Post# 28070307
PRB financing vs AZX attempted financing
PRB financing vs AZX attempted financingWhile I am not super happy about the price that PRB financed at I am not overly disappointed either. $1.15-1.90 range gives them a lot of cash and pretty minimal dilution IMO. They can drill a lot of holes for a long, long time with that kind of money, I'd rather they raise it now under their terms than down the road at the mercy of the financiers like AZX is.
This is the same pattern Dave employed with Probe Mines, raised money before they needed it and at a price that didn't dilute the heck out of shareholders, again not the way AZX has gone about it. Look at what EO wanted to do to raise cash! You'd have over a billion shares outstanding, that is clearly reverse split time.
Any way my point is there are smart ways to raise money and protect shareholder value, I don't feel that has happened with AZX, I think AZX needs a proper management team to step in and clean house, some of the folks on this board need to bury their pie in the sky expectations and egos and start thinking with a clear head.
The only way AZX provides shareholders any value is to let someone come in and finish the job properly, not the circus that's been going on for the last 6 months and counting not to mention the mythical RE. How many times has that date been missed? No emails being returned? No IR to speak of? A presentation on a crappy company webpage from November 2017? C'mon you guys snap out it already and lets make some money!