GraniteShares Gold Trust BAR

shares for debt.

[kijiji]

2021-02-12 19:29 ET - Shares for Debt

 

The TSX Venture Exchange has accepted for filing the company's proposal to issue 286,220 shares to settle outstanding debt for $758,482.

Number of creditors:  one creditor

The company shall issue a news release when the shares are issued and the debt extinguished.

[alleyesonme]

No public info on that so.... Wrong bullboard????

[alleyesonme]

Kijiji......... A little bit of context and/or link would be nice..... Thanks.

[kijiji]

It came up in a search.  UGE INTERNATIONAL LTD. (“UGE “) BULLETIN TYPE:  Shares for Debt BULLETIN DATE: February 12, 2021 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing the Company’s proposal to issue 286,220 shares to settle outstanding debt for $758,482 . Number of Creditors:

[alleyesonme]

Thank you for sharing. I have trust in this team making the best decisions for shareholders. How can you not when they own so much. Soon to have the biggest cash position in their history. Should help catapult growth and execution. I'm excited to see the three operational projects completed in Q4 on the balance sheet as assets.

[1condor]

Dilution is dilution and UGE has been busy in that area. This news of "shares for debt" and also the warrant issue would explain why the stock has not moved much beyond 2.60. A news release on the warrants being exercised should be out in the next few days..and now we wait for the news release on this "shares for debt" deal. So we are still stuck here at this level for the SP

[1condor]

No news...lower stock price. Have bid in at 2.35.

[ddogold]

They really need to close the financing and move on . I’m not impressed 

[1condor]

I have no idea what they are doing not closing that financing on the date they specified. Not good. The stock has the potential to get very hurt here and fall out of favour. Watching very closely.

[alleyesonme]

"On or about February 10th". Was the wording. Decline in SP will be short lived. The purchaser up sized the deal. Thats not something that implies their on the fence. Maybee their waiting to settle the debt and lump it all in one N/R, who knows. Personally not concerned even a little bit. Even if the deal fell through its not make or break. Still a great company!

[1condor]

alleyesonme..I see the delay as an opportunity to add at lower prices. No doubt the stock will not move up until they issue a news release on warrants...so each day that goes buy the stock will trim 2 or 3 percentage points, thats why I think 2.35 or lower is possible. On the longer end...the stock is going higher and am lookng at 3.20 by year end.

[alleyesonme]

Condor... amazing opportunity to add right now. If it continues dropping I will be selling other holdings to buy more UGE. Venture and otcqb investors have never applied the valuation it deserves and one that's similar to it peers. It's a real shame. We all know it and so does the board. Just speculating but I think forshure we will see a graduation to Nasdaq and possibly to TSX. This pool

[1condor]

alleyesonme...10 bucks by year end...wow that would be nice...we will see.

[1condor]

Selling continues....3 to 5 percent a day...until they issue that release on warrants and shares for debt. Removed my bid at 2.35 to add as market is not happy with UGE. I would really be happy with 2.00 but that may be pushing it...but who knows?

[BCdude]

Good for them. That's $2.65 per share, which is exactly the price of the last private placement. I'm not usually a fan of dilution, but this makes sense. Not a big number of shares, and it will allow them to clean up their balance sheet even further.