RE:RE:need aspirinSimple deals for simple minds.
Deal is actually really interesting the way its structured. The floating benchmark price allows a variable capital raise.. BEE would not do this unless they they thought they could exceed it and reap the rewards.
The deal also closed as an overnight PP so there was no public participation.. which sucks for me. :)
The only thing you really need to know is that Ashish the CEO and the Chairman both participated in a parallel placement of 1.5M shares @ aprox. .18 / share.
Just as good as insider buying.. and they know a lot more than we do about the road ahead. They arent getting these shares just to make a nickel or two. The company is now cash'd up and ready to grow with no need for capital over the next 2 years. Scale cometh.. Let the news drop.