RE:RE:RE:Who would want to exercise offering at a sp of .17Hey Sotypical,
New handle same BS I see.
This is the second time you've said this. Are you really so ignorant that you think the share price of the rights being sold effects the amount of money being raised by the company. I don't think you are, I think you are being paid to scare people into selling their shares. If that's the case, then you're the liar. Here's a lesson for you
The company doesn't get the money from the prices people are paying to buy, that money goes from the buyer to the seller because it is the secondary market. The rights were given to shareholders for free, so that they could choose to participate in the (primary market) new shares and not be diluted, or sell their shares. The company raises capital from the 15 cents exercise price for every new share added to the float.
Insiders alone have already invested $7 million of their own money into the company by exercising their rights. Go look on Sedi or scroll back a bit to Freedom55 last post and click on the link. I'm guessing very close to 100% of the rights will be exercised and the company will get around $20 million.
truthseeker1 wrote: you see here thats the biggest problem with zena they lie like a sidewalk and say they dont need the cash yet out of desperation they give away 140 million shares for what looks like about 5 million based on the share rate currently;;;;;;
CannabisHero wrote: Me. The company needs the cash and it's the only thing holding it back from $1.00.