RE:RE:RE:RE:RE:Relative valuepointer wrote
sclarda wrote: pointer wrote
Mr Edwards bought 6,247000 units in the recent private placement. Each unit consisted of one Common share and one purchase warrant.
You are right, and he sure got a sweetheart deal, as the "units" were priced under the market, even with free warrants.
Man, I wish CJ would have offered that to all of their shareholders.
Edwards took no personal risk buying into that. And the rich get richer.
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"Edwards took no personal risk buying into that."
Lets see Edwards bought 6.2 million shares and already owns over 11 million for a total of aprox 17 million. Even at a 50 cent average that is aprox. a $8.5 million investment plus he bought $13 million of the notes in the private placement.
By my numbers he has a cash investment of aprox. $ 21.5 million in CJ at this time. Seems like he has taken some "Personal risk" to me.
And thats the problem with people like Freezen Jonny. He was bad mouthing CJ before this deal when it was at 40 cents and SGY was at 30 cents. Once the deal happened and CJ soared poor old bitter little Freezen Jonny sulked away from the CJ board being proven a fool. CJ which Jonny said was no good at 40 cents is now $1.13 while SGY which was around 30 cents at that time is around 30 cents right now. Yes Freezen Jonny is a sharp one thats for sure.
And that is why posters like Freezen Jonny are so jealous of people like Edwards. There is a reason they are rich Frieezen Jonny and you are down 80% on your SGY "Investment"
Edwards is smart and Frieezen Jonny is an idiot. End of story.