RE:RE:RE:RE:RE:SharesUnderstood, and I get your point now. I am not rich enough to participate in the PP or else I would definitely be interested in getting cheap 12 cent shares and 20 cent warrants with the 60 cent clause. It is the management's responsibility to move the company in the right direction so they don't have to do the PPs at such low prices. Seems like the outlook is good going forward with the almost 9 million CAD investment, and the upcoming news so we won't have to worry about extremely cheap PP in the future. I know you were holding all your shares when this went to 10 cents and below, and yes it was a very hard thing to do for us especially at a time when most of the stock market was going up.
M101 wrote: Cashless exercise has nothing to do with the offering and it doesn't matter if it is used or not, the effect is the same. You could use margin or a bridge loan or whatever, the point is you only need the money for a few hours or days before you can sell the resulting shares and pocket the >200% profit on the borrowed amount. Obviously there will be many money lenders willing to help you do that for a fee, but assuming Goldstein's banker's main client is actually a money lender to start with that is irrelevant. Everyone gets a cut in this scam, a cut that comes from yet more dilution only this time at 1/3 or worse of a market price which has been holding for over 2 months.
Had the terms been exercise at 50 cents if the warrants hold 60 cents then I would have agreed with you, but at 20 cents it's just another kick in the crotch.