RE:RE:RE:RE:RE:RE:Financing at $1??????So correct me if I'm wrong here.....
GSI raises $5mil, in exchange for 5 million shares with $1.10 whole warrants attached.
If this all works out, GSI has increased owner equity by 124%($10.5mil), and diluted shares by 10.5%, but the share price is at $1.10 for this to happen, minimally giving us a return of 74% If this doesn't work out, GSI has increased it's shareholder equity by roughly 59%($5mil) and diluted shares by about 5.3%, but that should be moot due to the large increase in equity, especially if that cash is destined for business expansion, and life goes on.
I see ZERO downside to this! Cheers!
HenoftheWoods wrote: And NO flipping...
All securities issued in connection with the Financing will be subject to a four month hold period under applicable Canadian securities laws.