RE:RE:RE:RE:RE:RE:Classic Pump & Dump Fresh example....
Loop Insights Launches Multilingual Platform In Support Of National Programs, Announces Receipt Of $4,600,000 From Exercise Of Warrants, Commences Verified Forum Discussions On AGORACOM To Directly Engage Investors
VANCOUVER, British Columbia, Dec. 11, 2020 (GLOBE NEWSWIRE) --
RECEIPT OF $4,600,000 FROM THE EXERCISE OF WARRANTS ALLOWS LOOP TO CONTINUE EXECUTING WITHOUT THE NEED FOR FURTHER FINANCING
Loop is pleased to announce the receipt of approximately $4,600,000 from the exercise of warrants up to December 10, 2020. The proceeds from this latest round of warrants being exercised are expected to provide Loop with the financial resources necessary to fund growth and operations to the end of 2021 at a minimum, assuming the Company wasn’t able to generate any further revenue from business operations. As such, the Company does not foresee the need for any financing with the exception of strategic client partners that may want to invest in Loop in order to participate in its growth.
Moreover, as the Company expects to generate meaningful revenue from its current and anticipated sales pipeline over the next 12 months, as well as, receive additional proceeds from further anticipated warrant exercises, the Company is confident it now has the war chest necessary to pursue all anticipated business opportunities as the demand for its solutions continues to grow on a weekly, if not daily basis.
Loop Insights CEO Rob Anson stated, “These warrants being exercised significantly bolster our financial strength, resources, and confidence necessary to close on any deal in our pipeline, many of which are of significant size and scale. The continued support and confidence of our valued shareholders are deeply appreciated as we aggressively pursue our growth strategy in 2021."
lscfa wrote: the co. should issue a NR stating how much in proceeds has been received from warrant/option exercises as the amount is more material than any PP done. Other co.s do it. Maybe this will be done on December 15 when debentures officially mature.
Nakate wrote: yep looks like it. Market is going for the kill on this one, vicious dogs are mindless beasts gl
go peak