This Private Placement is unexpected I don't understand the purpose of this:
100,000,000 units (the "Units") at a price of C$0.01 per Unit for gross proceeds of up to C$1,000,000
That's sending mixed messages to me. For one, any placement should be higher. Not the same as last time. I'm guessing because their price is budging and they have no choice. Now I think they wanted to do this earlier but were hoping for a better price to justify a higher unit price. But this is the same as 5 months ago where we were oversubscribed, and they need another $1M already? That's mass dilution at this price.
I don't like it. But at the same time, it's still higher than the common, so anybody that partakes in it won't eat unless we eat. More warrants at .05, so no reason for any participating investor to hold over .05 as I see it.
They really need to do something disruptive. The Russel Index and oter things they are doing sound disruptive, but is it? And if so, why are we beign persecuted? I think we can safely say InvestorIntel is completely useless and was a waste of time and money. I suspect now that was a vehicle to help get the price up for this capital raise which they are forced to do at 1 cent again. Becaues IvestorIntel is USELESS. I don't know why we can't think like criminal minds. Criminal minds know how to get stock prices up. We don't have to be criminals. But we should have criminal consultants to capitalize on their strengths. They tell us how to get our stock price up. Who to use, and we do it honestly to keep it up. What's wrong with that? Everybody has strengths and weaknesses. Their weaknesses are corruption. So, we take their stock promoters and not their corruption. What's wrong with that?
It seems like any day now they should be filing their MD&A. I sitll think we need a business plan with PROJECTIONS and funnel it through competent stock promoters.