RE:KoreSo, our Drooling little friend, who cares? Go post on that board.
Drools wrote: that does look rather strange to me. Up to 89m shares at $.01, I assume, to raise $864k to continue paying yourselves, when it was trading at $.10 and almost doubling the o/s in the process. Im surprised the exchange would allow something like that. Intentional price destruction.
No wonder E was pissed. The buyers were insiders. Screwing current shareholders. Then a 1 for 10 and then what.
Mr. James Hynes reports KORE MINING ANNOUNCES RIGHTS OFFERING AND STAND-BY COMMITMENT
Kore Mining Ltd. will be conducting a rights offering to holders of its common shares at the close of business on the record date of Oct. 20, 2022. The offering will be to raise gross proceeds of $864,970.01 from issuing up to 86,497,010 common shares.
Drools a Plenty