GREY:DYMEF - Post by User
Comment by
Tradertimestwoon Apr 16, 2019 4:10pm
113 Views
Post# 29635445
RE:RE:RE:C$10 Million Bought Deal Private Placement
RE:RE:RE:C$10 Million Bought Deal Private PlacementNot too worried. The real investors will hold thier shares till its much more than 4.25 anyways. I will stick with them.
BenjaminGraham2 wrote: Was actually shocked to see that they did the raise at $2.75 when they did their last raise at $4.25 in November, basically indicating to the market that they overpriced their last raise by 35% and have now diluted those holders. They most recent raise has a warrant that can be executed at $3.80 which will add a further overhang in the November round getting back to even. All in all management has screwed over the $4.25 investor round. Also keep in mind, $18m of debentures are convertable into common at $2.07. Lots of overhang on this name.