Emblem Corp EMMBF

i'm confused, did anyone see this NR today?

[spasticated]

https://www.morningstar.com/news/canada-market-wire/MWR_urn:newsml:marketwired.com:20020408:201710171103563001_CAN/emblem-announces-increase-in-bought-deal-offering-to-12-million.html

 

so is it 25 million or 12 million? did it get downsized? or did they add another 12 million to the initial 25 million? 

please help a retard clarify what's going on

thank you in advance

[spasticated]

nevermind i think i figured it out, so basically they increased the amount of units they bought from 5,714,300 to 6,857,160, making a total of $12,000,030 from the units, and $15,000,000 from the convertible debentures. so in total they raised ~$27,000,000. now can anyone explain the difference between convertable debentures and the regular units? are they better or worse for

[LeafRider]

This post has been removed in accordance with Community Policy

[spasticated]

they did financing, which is dilutive to the stock price. in combination with this dilution the whole sector took a beating, so EMC ended up getting doubled down on, hence the massive red day. i ended up buying more today. i think emc will hover around the bought deal prices 1.75 - 1.90 for the next couple of months 

[cobills]

 Lower tommorow.IMHO