Rose colored glasses for some?Now I want DM to make it big time but crossing my fingers won't make it happen. Therefore if you have some insight please answer the questions I have in a reasonable manner, maybe you will help me see somrthing I missed.
First off I am suspious as how DM came up with a .30 share value for RegTech especially when it states in the NR :
"RegTech will complete a private placement of RegTech Shares to raise minimum gross proceeds of C$300,000at a price of C$0.15per RegTech Share (the "Offering")." and says they are good if they only raise $150,000.00 to start. So why .15 if the company is worth $30 mill etc. Why start with a 50% devluation in share price( before the deal is even complete) for a small PP when they talk about 10 mil@ double the price?????
This tells you RegTech has NO CASH in a very tough market and with DM]s history on cheap PP's doesn't make you wonder, just a little bit?
RegTech must be earning big revenue with positive net earnings to get that evaluation,right ? I must have missed that part
Darn tough market as stated and so if REGTech CANNOT raise $10 mill @.30 does that mean they will do it @.15 and just say sorry boys we did our best?
If the stock is diluted @.15 what does that do to DM percentage and share value
RegTech/Graph may open @.30 when this is deal is done but what will the share price be a few days later?
If there is not another NR of high value than the reason the stock was halted was because it was being crushed and DM had to stop the stem the bood flow. I do hope they have another valued NR and that would say I was wrong in this line of thought.
PS:
As most of you are aware I do not agree with the REGTech deal being a good deal for DM shareholders in a down market . If the market was in an upswing my opinion could be much more favorable. I know some of you have already concidered the questions above such as mason. Yes still holding my position and hope things will work out in the long run,