RE:RE:RE:Private Placement The $0.60 price was not decided upon today. No discount was given compared to today's price. The $0.60 price was locked for the placement as of March 18th. Even if the stock price was at $10 today, the PP investors would have still gotten their shares at $0.60. Not the team's fault. It's just the price that was agreed upon since mid-March.
I hope that cheers you up.
kingbear wrote: Share price at .82 and we are doing raises at .60. That has to be one of the worst price disparities I've seen in a PP. What a slap to the face to those who did the $1.00 raise. Again, since the funds are already raised and it's closed it might not have to big of an effect. Where I have the probem is they could have done the raise now at a higher priced which would have been less dilution. What a joke. If I were Jeff I would hope he has another NR ready such as a co-packing deal to help offset this drop.
JeffMJ wrote:
it does suck but the share price will recover faster than people think. Just unfortunate to not be a straight slope up.