RE:RE:RE:RE:RE:RE:RE:RE:AmazingThere has been a lot of good respectful discussion on here lately.
I believe jc reference to my alternative way of raising cash is by bonds.
Perhaps u could explain why u disagree.
Dh posed the q of how many sh would have antied up if offered the deal.
I have been involved in many sh financings over the years.
There is a couple ways it can b done. Direct offer on set price.
Ie. 50 day average is 1.50 so 1 share per 10 owned r offered at 1.00 for a 25 million raise. All have op to keep there position at nice discount.
Those that do not participate forfit there right to buy and rights go to other sh that participated max.
Alernatively. Everyone gets a right for every share owned for a cost of 15 cents. In tko case, that raises 33 million dollars. Each right give holder option to purchase a share for 1.50 up to 1 year.
The rights trade on open market for the year.
It is announced before offering what the cash us used 4. I would have taken either offering.
nf