CRAZYSo Solaris Resources is expected to rise to $20 within a year to 18 months and EQX Management decides to sell 11 Million Shares. One of the worst financing decisions I have ever seen. Who the heck is running this company anyway????
If the pundits are correct then EQX just gave away $140,000,000 million dollars of $$ over the next 18 months lets say.
Lets say they got $70,000,000 for the sale. Well if they borrowed that money the cost over 18 months might have been $10,000,000. A net difference of $130,000,000 dollars. Crazy!!!!!!!!!!!!!!!!!!!!
Also R. Beaty said they would not sell any shares of SLS. Again false with this sale.This sale is absolutely terrible in my opinion.