RE:RE:RE:And don't forget the insider tradingAccountprince wrote: This came out of the blue for non-insider shareholders but I'm sure it was planned. It seems our management team is only in tune with spreading the wealth amongst the privileged. I hear you about other companies promoting themselves and then doing a share issue. Novel idea for this stock.
Our person(s) in charge of financing don't seem to care at all about getting prudent deals done. Let's go public in US - nothing done. We'll sell small portion of Dialco - nothing done. We're trading in the low 50's. Let's drop it at the close and announce overnight a bought deal at 40 cents. Pure insanity but perhaps Anonymous needed reloading. And don't forget the "President's List" for 10% of the deal - why is that part of the bought deal? They couldn't even do a deal at the price we had been trading at - a modest $.52? Pathetic.
Looked great when we hired someone familiar with the public markets to head up our financing efforts. Result - we are now issuing paper at half the price we had been trading at the beginning of 2020 with MULTIPLE achievements since then. Epic fail!!
100% agree !!
Also Compensation Options to the Underwriters (Paradigm - from Seto's resume) @ .485 issued at 6.5% of issuance, in addition to the 6.5% cash commission. Easch compensation Option is exercisable for one Common share, (not 1/2 for one) for a period ot two years.
No apparent conflict of interest there ;)
Very Alswellian.
MM