RE:RE:Raising $ mlmack - (7/14/2021 2:56:13 PM) RE:Raising $ Interesting, priced above asking and 3 insiders bought 50% of the placement. Good news coming me thinks !!!
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Hello....do you have a clue, it is Flow-thru financing, BC lets ppl receive 60% of their investment back when you file your taxes.
So in this case 9 cent units, you would get 5.4 cents returned, your cash outlay is now 3.6 cents + you control your ten cent warrant exposure.
NB tax laws I'm sure are different, but they are not paying above the "current market price" as your post states. Mgmt is protecting income.
Even if they some how manage to raise funds, which I doubt they can do without diluting the cr-p out of this. Management has to change their mindset of sitting on their wallet and waiting for JV cash to fund their next move.
Besides, unless they can pull a drilling rig outta their ars-, they won't be drilling this season, the equipment is in high demand by aggressive NFLD Cos. with plenty of cash.
Check a ten year chart, this one moves a few pennies every three years or so after ppl lose patience waiting, and waiting and waiting...