Exercise of warrants- smoking mirrors
3,932,425 warrants.
These are held by Sulliden, BKI and F &M-
These are originally planned to be exercised at $ 2.18 per each share.( may 19, 2019)
Expected amount to ESM= $8, 572, 686
Now, it is amended to .85 cents
Now the amount to ESM = $3,342.561
It is a rip off for ESM and good for BKI, SMC and F &M.
ESM says none of these held by Are these Insiders?
Just check the boards of these nvestors and ESM. Officers and Directors are wearing many hats and openly they say none are held by insiders.
Is it right or some thing is amiss.
What is corporate responsibility, business ethics or is it an accepted norm in our canadian funded public corpoprations?
Looking for some answers.
May be some one this baord can answer these questions.