The solution is not dilutionNevertheless ... there is a flood in the bamboo patch.
But then again, who would not buy shares at 30 cents, when the market is barely holding above 40 cents.
Trickle down theory? Or water down theory
Or walking down the share price step by step in a pair of Green shoes
SHARC Energy has closed the sale of 1,500,000 common shares (each, a “ Share ”) on a non-brokered private placement basis at a price of $0.30 per Share for gross proceeds of $450,000 (the “ Greenshoe ”).
The proceeds from the Greenshoe will be used for general working capital purposes in support of its sales and marketing efforts.