Walloping in mud For some old-timers here stuck like squealing pigs for over 2 decades. They should have sold on the chicken run to $7.00.
As for the flow through shares in raising $5 million in April, 2022 - 10 million FT and 5 million non-FT. The FT placement done around $0.48 with one warrant attached. High-net worth investors got their CCE writeoff. However, they are not allowed to sell the FT until the 2 years are up or until April 2024. The onlyway to sell is to donate their FT shares to charity. They would get another tax writeoff as per CRA. The charity didn't want the damned shares and they consequently dumped them for cash causing the stock to collapse.
The stock subsequently fell from $0.50 in April 2022 to $0.25 with the big dump.
The market thinks the latest news release is neutral. No one wants lead or zinc. Yesterday's big vol did little to boost the stock price - just a small bump up.
Chuck is one of the worst promoters around.