Long standing shareholders clarification from news release Hi everyone. Forgive my ignorance but who are the long standing shareholders? I have read the both news releases (today's and yesterday's) but have probably missed something. Is this referring to the company's coffers where the money is going to and thereby for future expansion?
I get the dillution effect and unfortunate resulting drawdown on the price but just am fuzzy on the s/h's part.
Best wishes to all.
Vauban
The Fund will not receive any proceeds from the Offering. Food Services will distribute the net proceeds of the Offering to its long standing shareholders.
Read more at https://stockhouse.com/news/press-releases/2019/05/15/a-w-revenue-royalties-income-fund-and-a-w-food-services-of-canada-inc-announce#BgEJBqzYbjdxdRIT.99