RE:RE:Hi everyone... YOU ALL HAVING FUN GETTING DONE OVER..I don't think anyone is having fun losing money. For some reason, I thought the financing was done at 30 cents not 35.
For Frank and Brian, they bought shares at way lower prices so they are in the money. It also sounds likes warrants and options will transfer and not be wiped out so they are doing fine. Frank also wins because he is able to monetise his investment in Thunderbird so really a win win for him. Can't even think about the conflict of interest.
Hard to put a value on Thunderbird without knowing how much debt etc. they have. I was also puzzled about the GGS preference shares in the news release. There are no warrants with the $2 financing so I assume the company feels that is an attractive price and expects the price to increase.
I do know Thunderbird was looking to buy/build their own sound stage/studio as they have been renting warehouses. Very difficult to find industrial space in the Lower Mainland.
Venture investing is risky so if folks can get their money back at say $3/share then that is acceptable. We just have to wait and see what happens in a couple of months. All is not lost yet.