RE:RE:RE:QuestionYou are completely misinformed. Go to SEDAR and read the prospectus, it specifically itemizes where the capital is going, in order of priority... Starting with $7m to complete construction of their 67k sf expansion.
Lazrus11 wrote: TheBar10der wrote: Re-read the financing email via Alexia, I to got stuck on the $0.45 comments but the financing wasn't at $0.45.
Also.... I think the financing was/is probably already secured prior to the halt (IMO). Or at least a good portion of it.
As for buying or selling tomorrow. TGIFF (The OTC ticker is trading today). Last close was $0.39 usd. Open today at $0.34 usd. Dropped to $0.285 usd and is currently $0.31 usd.
I feel the US ticker just simply evened out its gains that it experienced while the canadian ticker was on its halt.
US ticker low today matches our current price on the canadian ticker after the exchange rate.
Current US ticker price of $0.31 usd is $0.405 cnd.
So no big fuss at all. Should be business as usual unless a 2nd NR comes out tomorrow with any follow up news. (Which I'm 50/50 on if we will have a 2nd NR).
Super excited for OCT NOV DEC to get here with all the expansion and political news to come.
the news on Friday was not for press or re-release, nor did it reference the reason for the capital, just the required release of news on debentures. PR should be out with a positive message on what the financing is for and I would expect an update on expansion progress. Expect to see Tuesday AM. IMO they should have done that Friday.