RE:RE:RE:RE:RE:Pure shares should trade below 0.07 soon AREKAY1 wrote: Take a breath please. First, there is a “hold”— it’s 4 months from date of issue (which hasn’t happened yet); 2. .071 does not reflect the “value of the company”, it reflects (the admittedly high) cost of credit. 3. Alumina is not ideal. It reflects the tight credit market— mgt has acknowledged that. This is high cost financing as a stop-gap pending non-dilutive financing which mgt says it is working on. So far this mgt team has done what it says it will do. Time will tell, but so far mgt has drawn conservatively on this expensive source of funding and there are a lot of positives ahead — no guarantees, but there never are. This could go north, it could go south, but misinformation is not helpful, focus on facts and actuall developments as they unfold.
Misinformation is actually coming from you!! I know these guys Alumina and from what I have seen they are trouble. On November 22, 2019, Alumina and a shareholder and the Company executive (the “Lender”) entered into a securities loan agreement in the form and content agreed to by Alumina and the Lender pursuant to which the Lender has agreed to lend Alumina 2,777,778
free trading non-restricted Common Shares (herein the “Loaned Securities”) of the Company. The Loaned Securities will be repaid with 2,777,778 Common Shares from the 2,777,778 Common Shares underlying the units subscribed for by Alumina. In connection with the subscription of above 2,777,778 units and the securities loan agreement, Alumina will direct the Company to issue one-half (1/2) of the total amount of warrants subscribed for by the Company to the Lender.