RE:RE:Notice The New Ads - TAAT Very Proud Of Debbie ChangManagement screwed big time the current share holders who bought the shares paying over 2.50 cents. Share traded as high as $4.40 on october 6th. Just this week. Can you trust this management to look after the minority share holders?
Off course Debbie Chang is Happy. She can sell these shares in open market now and make big profit. May be she is doing this already. She still hold warrents she can exercise. Something Fishy with this deal. They Sold off the company shares for too cheap $1.30. They could have raised funds at $3 +
The share can drop below $2.
The Company’s non-brokered private placement (the “ Offering ”) of units (the “ Units ”) with the Group, has raised gross proceeds of CAD $6.75 million (or approximately USD $5 million). Pursuant to the Offering, the Company sold an aggregate of 5,192,308 Units, each Unit was issued at a price of CAD $1.30 and comprised of one common share of the Company (each a “ Common Share ”) and one common share purchase warrant (each whole warrant, a “ Warrant ”) of the Company. Each Warrant is exercisable to acquire one Common Share of the Company for a period of 12 months following the closing date at an exercise price of CAD $2.00 per Common Share.