RE:RE:RE:RE:42,200,000 shares @ CAD 1.10 per share is what this isI agree with the .48 per share, it is not their cost basis, but how much it is costing them to control a share of stock.
They put up .95 and now control the upside on 2 shares of stock for 18 months. they don't have to put up the rest of the money for 18 months, after the stock has probably risen and they can purchase using profits.
I would have gladly sold all my shares at .95, and then been part of the PP and get a free warrant. I wonder if the warrants will trade separately, they are pretty valuable. I would like to buy some.