TSX:SOT.DB - Post by User
Comment by
pennydredfulon Apr 16, 2023 1:59pm
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Post# 35397440
RE:Can you imagine these turkeys needing to raise
RE:Can you imagine these turkeys needing to raise One way is the have a rights which I can believe up to 25% of existing units can be done . That is unit holders are given the right to buy 25% more shares at say 1.50 . GA could gurantee the rts issue ( for a fee) meaning he would pick up all the units that did not get exercised . The rights issue can be bigger %age wise if a prospectus quality document is filed and approved by the regulators . This would likely allow GA to increase his %age if some rights not exercise assuming he is comfortable being "in bed" with SLAM and reduce his average cost. Perhaps it would be throwing good money after bad ?