GREY:SAYFF - Post by User
Comment by
mike49on Jan 14, 2019 7:31pm
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Post# 29230765
RE:RE:RE:REKT
RE:RE:RE:REKTHey Bruce
Only connection I can see between namaste and safe is if namaste is a client.
Btw,the announcement with canopy was an extension of contract from 1 year to 3 and,so far,Canadian ops only.
As far as xx(avante)- I have been there forever.i sold half my position this year when they consolidated and bought it all back at tax loss time (in alberta we call that a Ukrainian dividend).
The old guard is out over there and I'll hitch my wagon to Craig Campbell any day.have been intrigued with safe since xx got involved (equity plus business) last Sept.
So back to safe....from the filing statement...
in March of last year tcss issued 21m shares at .001
Issued 31 m shares at .02
Issued 31 m wts strike price .05
These subject to .353 conversion factor on Rto
In march/April last year 360 issued 20 m shares at .001
11.3 ish m shares at .03
Same amount wts strike price .05
One to one on Rto
Assuming no insiders sell and with lock up,float is roughly 27.8 m shares minus pp at .85 leaves around 7 m free trading for first 3 months.
ahh,but those pesky wts.
a person could get smacked down here pretty easy.
Again,from the filing,no one owns more that 10 % and excepting insider transactions on sedi,retail will be in the dark.
So,to answer your question, I don't have enough data to answer fair entry point.for trade, somewhere in .50s seems ok because-cse.
(Last pp price is irrelevant here-could be same folks from "seed" round-see guistra)
I am not slagging the company here.lots of reasons for things to be as they are and I think that this is the real deal.i just want to see first financials and an honest md&a (notwithstanding the nature of the business)
Stay safe