RE:RE:RE:Looks like FURY giving away DV shares at 40 cpsSome of the statements I do not agree with.
Current mcap of Fury at 50 cent share (reasonable assumption if there was a private placment) 70 million CAD. Under current market conditions they would have to give warrants. So to raise 7 milllion they would have to dilute by 10 % and issue warrants giving further dilution.
They sold 7.4 percent of DV and still keep 26 percent to receive 6.8 million CAD. They sold 20 percent of their holding. They have potentially strong investor in DV, demonstrated to market they don't need to raise capital as they can raise further money via sale of DV shares. They diluted only our holding in DV by 20 percent per share of Fury. It seems good deal for me.