RE:RE:News: Upsize Of The Financing To $6MGrumpyInvestor wrote: I can't believe that I was hoping that Q2 was going to be a game changing quarter. All we have gotten so far are negative press releases published after the markets close.
Now, we learn that the financing is being upsized to $6M, while the cost for FT units is going down to $0,56 instead of $0,65.
All in all, there will be close to 18 million new shares if you count the warrants. That's about 10% dilution for $6M. That won't last very long if things don't turn around for good at Argyle.
Let's hope that we can finally get a spark and start climbing back so we never have to see such a cheap financing ever again.
Yep more dillution again... They did last year PP close to the year low, same this year... Pretty frustrating that bad timing again, ridiculous how a promising story (late 2020, begin of 2021) has turned to be a negative one since then...
And raising more money could also suggest that Argyle fiasco isn't over?!?