RE:RE:Delta 9 Obtains $5 Million Loan from ShareholderYet again, wrong on everything you've said and a poorly researched response as usual.
1) Delta 9 has sucessfully raised money from the market multiple times (by the way only an imbecile would think it better to raise money through the markets when that often comes with notable additional costs, cost of negotiating private loan on the other hand is lawyers fees to write up the agreemet). They have aalso expanded their available credit with Canadian Western bank multiple times.
2) Plenty of people made great money on the debentures. Anyone who bought in early on DN made a killing. Only those who bought during the overhype phase have really lost hard and it's their own fall for letting FOMO get the best of them. Also, I know people who have made money buying and selling with good timing (myself included) by making educated guesses from watching the stock all these years. Furthermore I would bet that anyone who's averaged down hard or is buying in new at these levels will also be very happy in another year or two, but that's just my opinion.
Only you would try to present this as a bad thing. They just got a loan worth over 10% of their current market cap at good rates; many companies would kill for a deal like that. Obviously if this shareholder has 5Mil to invest there is good chance he also holds quite a lot of shares and believes that the company's future is bright, why else would he/she be willing to tie up millions for 5 years if they weren't sure DN was good for it?
Give it up already or at the very least try to be factual.
Canadaforoil wrote: Goes to show what a mom and pop operation this is that they need to get money from a shareholder and not the markets. That is why no large fund will ever touch this dog. I give that shareholder credit for finally figuring out a way to make money from investing in D9, lock into a fixed rate loan that pays a decent 6%, more than the majority of dividends paid by major Canadian corporations.