RE:RE:Cloudmd response on my questions Just to be clear the warrants are the comission to the underwriters. The other way this can happen is the new share can be sold to the underwriters at below market to give them a profit. The fact that the shares are being sold so far above market is only a good thing for investors. The fact that he was able to incorporate his own shares into the deal.....I honestly don't know why the underwriters would want to purchase them above market but good for him. Must have something to do with the fact that they're considered non floating shares and as much as they exist they aren't otherwise available to the market.
kentucky77 wrote: Thank you Pystocker... no matter how he spins it, you have confirmed that Hamza slide his 1,500,000 shares into a 'bought deal' and enriched himself by $750,000 at shareholder expense. (1,500,000 x .50/share premium = $750,000) He essentially leveraged the deal AND the 1,295,000 Warrants issued for personal gain. What possibly could he have been thinking? The interesting part will be the next quarterly profit announcement... knowing has divested 1.5M shares. No worries - for peace of mind, I have sold DOC to increased my position in WELL and others. GLTA