RE:re re as advertisedridethewinners,
You stated "This is not an institutional stock yet, and is unlikely to be for some time. It is too small by market cap and too illiquid. Many funds have minimum market cap restrictions and minimum liquidity requirements, this stock meets none of those. We all hate dilution, but the float here is so small even a decent retail broker cannot buy a position quickly, and certainly could not sell it once they had it."
You do present some valued points ridethewinners.
Although, the institutional investments managers whom I alluded to to are the kind of institutional index fund managers who had also partaken of that concerted GRA.T short selling attack during September 11 through November 30th of 2023.
You do recall precisely what took place leading up to NanoXplore having been dropped from that Morgan Stanley Canada Small Cap index, yes?
It certainly wasn't retail investors who were incessantly trading GRA.T shares downward during the aforementioned period.
Anywho. We know that NanoXplore is included in the S&P/TSX Small Cap Index.
You would expect that with "RBC" providing NanoXplore with it's $60 Million credit facility vote of confidence, enough Canadian based index investments managers would now be tuning into and turning their respective clients on to NanoXplore Inc.
Your point regarding the119.27 Million free trading float not being enough to allow institutional investors to take up enough of a NanoXplore equity position is well taken.
Although, perhaps existing NanoXplore shareholders could be benefiting from "the company" undertaking a joint venture subsidiary corporation's equity distribution?
Such a subsidiary corporation's equity distribution would also draw in a heck of a lot of high net worth retail and institutional investors, especially before the beneficial ownership date determination relating to such a proposed joint venture subsidiary corporation's "equity distribution" is announced.
We note that NanoXplore's relatively low free trading float doesn't have to be any kind of disadvantage for the company share price, i.e. provided the kind, quality and quantum of NanoXplore news would serve in incentivizing would be GRA.T shareholders to hand over fist commence buying, at immensely higher share price points of course, whatever amount of NanoXplore shares they can get their respective hands on.
No supply being coupled with a sudden immensely increased demand for what little existing supply of NanoXplore free trading shares float pretty much guarantees a rocketing upward of the NanoXplore share price; at which point, NanoXplore can raise more than enough capital with which to embark upon securing additional "inorganic growth" of the very breadth and depth of the overall NanoXplore enterprise.
You went on to state "While I like the caution and frugality of management, it does restrict who can buy this."
That is exactly the point which needs to be emphasized.
Who can buy NanoXplore shares is meant to be restricted for preferred and obviously reserved stakeholders.
I don't expect that would change in two years time either, this no matter how much more annual revenues NanoXplore would be generating in a company wide profitable fashion.
Finally, you stated "I doubt Dr SN will consider an issue below $4.50, but if we get past that perhaps next year, it would make sense. "
That previous $30 Million bought deal equity offering had been priced at CAD$4.60, then representing a discount to the then prevailing share price leading up to the day of that particular announcement.
That financing appeared to be due to desperate times having presented for NanoXplore.
This time around, I expect NanoXplore would be going at any equity offering from a position of relative strength.
Remember that Pierre-Yves Terrisse was also brought in to evaluate and if determined worthy undertake potential M&A activity. We know the five year strategic business development investment plan is apparently now fully funded.
How is NanoXplore going to obtain the capital with which to undertake any determined to be worthy acquisitions?
Now there's a question eh?