RE:C:THRM Therma Bright 866,664 shares for debtOOhh.. that's gotta sting.. look at that THRM and its creditors feels fair value of the shares at this point is 30 cents... obviously not enough money left to pay them in cash... these shares will hit the market as soon as they're released IMHO... maybe my price target of 30 cents is looking better all the time.. ;-)
forrest6748 wrote: Monday March 29 2021 - Shares for Debt
The TSX Venture Exchange has accepted for filing the company's proposal to issue 866,664 common shares at a deemed value of 30 cents per share to settle outstanding debt for $260,000.
Number of creditors:nine creditors Insiders:Joseph Heng, $20,000, 66,666 shares at 30 cents; Spencer Sungbum Huh, $20,000, 66,666 shares at 30 cents; Tim Peterson, $20,000, 66,666 shares at 30 cents; Marrelli Support Services Inc. (Victor Hugo), $10,000, 33,333 shares at 30 cents