Red White & Bloom Brands Inc C.RWB

Face value eliminated debt?

[rad10]

Issuing new stock at a 370% premium to market?   The lenders clearly know the writing is on the wall.

[Royal10]

You're right rad10: just read this from PR of Dec. 21/2022:  Red White & Bloom Brands Inc.'s board of directors has approved the settlement of $10,475,000 in debt related to arm's-length financing through the issuance of common shares at a price of 47 cents per share, representing a premium of 370 per cent to the company's closing price per share on Dec. 20, 2022. This

[rad10]

 Good luck Rotal10 if debt holders higher up the capital food chain are prepared to take that big a hair cut, it is safe to say your capital is at risk.   You must be down 13.5% already! 2023 should see several of these companies throw in the towel.