RE:19.5 million shares tradedcrow27 wrote: Lot's of new blood moving in and out today. Sooner or later those notes needed to be paid back. IVN felt this was the best way to settle the score so I'm trusting RF that he did what was best for the company. This will all be a distant memory soon enough. We are almost debt free and that is a super bonus.
Once we come out with some drill results the tables will turn and that could happen very soon.
Problem was when the came up with the plan to issue the notes. Would the interest on traditional bonds been unbearable? Then Ivanhoe diluted shareholders again in December with another round. Private placements both times reek of discounts given to the buyers. Minute position here