RE:RE:Thoughts on the new PP?Units available are 28.6 million. Each unit is one share of stock that willl cost you 35 cents, plus one warrant with an exercise price of 50 cents, that expires in two years. Total to be raised is $10 mil CAD.
i always did my math at 200 million shares outstanding. Fully diluted, I believe this will push us well over that mark. Anybody want to do the math here?
Buy again, we knew it was coming. Maybe this will be the final PP we will ever need. At least we can put the uncertainty of funding behind us now.
It will be most instructive to see how long it takes to close this PP, and if the insiders participate. I sure hope they do - bashers like BionicJoke say that's just them giving themselves a sweetheart deal, but I look at it as a vote of confidence. If the insiders aren't willing to put their own money on the line, that's a red flag in my view. So I hope they buy a bunch...shows confidence.