Seven Aces Limited - Ordinary Shares ACEXF

Guys/girls there were 2 news releaes after close

[coty1940]

One at 4:12 saying that the financing and loan had been accepted by the Exchange and then a second one at 4:20 saying the deal had closed. This is all from the Exchange so yes I imagine the company will issue some kind of news on Monday or Tuesday. This is great.

[stank0]

Appears your assertion of the release is correct and the deal is closed. The outstanding shares have been updated on stockwatch to reflect 154.8 million.

[stank0]

154.8 seems high....shouldn't the O/S be around 90 million?

[largeinvest]

The financial statements as released today show the company had 87,930,800 shares oustanding as of May 31st.  So you can easily do the math here.  But don't forget about the New York fund who will be buying $1.5 million US at VWAP also!  Perhaps it will all be cleared up for us in the Monday NR as he has the weekend to craft it.  Update us on the share count, future

[coty1940]

Don't forget there is a 4 month hold on these shares so we can worry about those shares when the stock price is $$$$$. You don't get this kind of cash thrown at you without some kind of price tag on it.   Find me another Venture Compnay that recently got $11 million loan + $20 million available for additional acquisitions. Top it off with the $2 million in shares and $1.5 million in

[largeinvest]

Just goes to show the strength of the management team, who take a small little venture company and turn it into a cash cow!  This is just the start, big expansion plans and more vend ins on the way!  and at the end of it all they want to start paying a dividend to!