RE:RE:Please people read. PLEASE The fact that this "potential" dilution is hanging there in front of everybody's nose leaves a very negative and bitter taste in the mouth's of the shareholders. I will include the wording below and will not comment further on this subject. However, I will say this in advance: If you no not believe this action dropped the share price and is keeping it down,................. you have less sense than Simple Simon.
ATM ("At-the-Market") Program Established
The Company also announced today that it has established an at-the-market equity program (the "ATM Program") under which the Company may from time to time sell an aggregate of up to US$100,000,000 (or its Canadian dollar equivalent) of its common shares ("Common Shares") through the Agents (as defined below). Any Common Shares sales under the ATM Program will be made through "at-the-market distributions" as defined in National Instrument 44-102 and sold through the Toronto Stock Exchange (the "TSX"), the NASDAQ Global Select Market (the "NASDAQ") or any other marketplace on which the Common Shares are listed, quoted or otherwise traded, at the prevailing market price at the time of sale. Sales may also be made in privately negotiated transactions.
The ATM Program will be effective until the earlier of December 22, 2021 and the issuance and sale of all of the Common Shares issuable pursuant to the ATM Program, unless terminated prior to such date by the Company or the Agents. Aphria intends to use the net proceeds from the ATM Program, if any, to fund Canadian and international expansion, working capital and general corporate purposes or to repay indebtedness. As Common Shares distributed in the ATM Program will be issued and sold at the prevailing market price at the time of the sale, or in privately negotiated transactions, prices may vary among purchasers during the period of the distribution.
Medicalcan wrote:
My point exactly it "can" lead to dilution, it has not yet and will only dilute if they use it it's like a line of credit. If they use it to buy a cc pharma type business in the US I'd be very happy with that. As for the mastronardi's, I could see them on their way out, word here is they have no clue how to grow weed but that is just hearsay and rumors around here.