RE:RE:RE:Here's a proper def. of the situation... Not Random's guessNo where do they say they would attempt to raise the 90 mil. They actually say that at this point they don't need it. The fact is they may not need any of it unless they want to make a transaction. The point of a shelf is to get the paperwork out of the way and shorten the time line to raise funds WHEN required. If required.
randomtask wrote: You realize they don't actually have $90M to access right? They applied to the TSX saying they will ATTEMPT to raise UP TO $90M, which i think is probably 100% dilution based on WVAP or something like that which is where that number comes from. Either way, I can guarantee you they will not be able to raise that, in aggregate, over the 20 some odd months its applicable. I would be surprised if they could get $20M worth of appetite in the winter, especially with a second lockdown looming.
Ninjabujinkan77 wrote: The truth is that we don't know when or why the team at Namaste will or will not use x amount of the 90 mill prospectus. All we know is that we have be adequately notified of a strategy to keep things going should it be required to be implemented. But, we can also hope that if and when they implement said strategy we do see a good outcome from the transaction... and there is a chance no dilution will occur should it be a bought deal.