RE:RE:RE:I don't like these updated terms Ok, thanks for the review Heywood.
I also have to remember HL is in U.S. dollars -- I keep forgettng that. :-))
Heywood_Silvers wrote: The original press release in February said we would receive 14 cents CAD payable in HL shares. If you take the share price of Hecla in CAD on the announcement date and divide 14 cents into it you will arrive at about the equivalant of 48 shares of ATAC to convert into one share of HL.
Why do I have the feeling that if the HL share price since the announcement would've decreased the original announcment date would be used? Instead, the share price increased and they utilized a 5 day average trading price instead.
Hmmm........I wasn't born yesterday. I can see that a fast one was pulled here. It's not like HL was offering us 25 cents a share so a penny here or there is forgivable. A 25% decrease is a HUGE amount for any investor that has 100K or more shares.
The BoD needs to push for a correction to today's press release or I am voting no to the deal.
PS the market is valuing the Cascadia shares at about a penny a share, or about nothing in other words.