TSXV:WMG.H - Post by User
Comment by
Sherry35on Feb 24, 2021 5:52pm
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Post# 32653642
RE:RE:RE:And down she goes
RE:RE:RE:And down she goes Based the 3 tranche PRs, 28% of the PP has been filled. They need another $4.5M to achive their $7M finacing objectives. Pretty tough to do in this climate with the potential of the Sp going below 10 cents. I predict the current PP will be closed, and a second PP will be opened in 3 to 6 months for a large investor. This investor will fill the remainder of the $7M target but at SP below 10 cents.
Remember the saying "Cash is KIng". The King will set his own strike price on the PP.
Looking at the daily chart, 54M shares ($7M / .13) hasn't traded since the Sept PP PR. The remainder of the fiancing will have to come from somewhere else.
As for the plant, I would like to see pictures posted on a quarterly basis to measure it's progress. I don't need to see picture of the washrooms - I know what a throne looks like.