OTCPK:CNPOF - Post by User
Post by
Chef999on Feb 05, 2019 9:07am
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Post# 29319496
Financing
FinancingOn Jan 30 I posted on this board of a possible financing in the works,no responses. My understanding was that the original investors who helped make Canopy what it is today were the first individual investors approached. A little extra bonus for those who have already gotten rich on Canopy. At the time the stock was 5.22 having made a nice run up from low 4.00 range. Subsequently the stock was run up over 6.00. Trading the stock through the run my fills were coming in block by block (read 100 shares at a time) indicating the plethora of small, possible first time, investors. That run made the 4.80 offer and issue price more palatable. Unfortunately it also sets a fair value and dilutes existing shareholders equity. Understanding that long term growth requires short term pain I maintain that the pain and risk should be distributed to all investors not merely the existing retail holders. Having said all that I have faith in RIV and will re enter here. Mr Linton has certainly looked after those who brought him to the dance and now we go back to business until next time. For those who remained through the ride you will make money here despite this all too familiar strategy. Eyes wide open.