TSXV:EVE.H - Post by User
Comment by
DerekVTXmanon Dec 23, 2020 11:49pm
112 Views
Post# 32175733
RE:Mel R gets 10% interest & lucrative warrants for $200k loan!
RE:Mel R gets 10% interest & lucrative warrants for $200k loan!Personally I feel that Management is taking advantage in this situation. If the comany succeeds with sales and by next December they get the stock price back up a little with some sales, that $550,000 can be cashed out to 9,166,667 shares which if sold on the public market at:
50 cents would be worth $4.6 Million dollars.
40 cents would be worth $3.7 Million dollars
30 cents would be worth $2.8 Million dollars
20 cents would be worth $1.8 Million dollars
10 cents would be worth $0.9 Million dollars
05 cents would be worth $0.45 Million dollars
Plus there is 10% Annual Interest. There is basically no risk here by management. But WAIT
They also get 4,581,500 dirt cheap 6 cents warrants. So again if the company does even half decent they can exercise these dirt cheap warrants for half a million dollars and sell them for the sames amounts listed above. They can make 18 times their investment by bringing this back to a 130 million dollar market cap company.
The companies performance has been decimal up to this point, and Management has rewarded themselves with this sweetheart deal, it's not right and is not what I would of expected from this Managment team. The company is barely holding on here and Management is still treating it like a cash cow....it's not right guys. And for the record I have not sold any shares, but I agree with Bob on this one. Just like a bad girlfriend, Eve has let me down again.