GTEC Holdings Ltd GGTTF

GTEC Marketing another Financing

[riozenga]

I hear a rumour that GTEC is soft marketing another financing, either another convertible debenture or a unit PP with common shares and warrants or straight common. A straight common shares financing would by far be the best. No more debt, please...
A unit PP or straight common shares PP could be done around $0.40 to $0.45 fairly easy I suspect.

[Vroom2017]

Why would that even happen when GENE is basically set to take them over next week?

[tankingfrank]

was non-biding -- so maybe is was bs..

[optex1972]

What are you even talking about? Call IR or email Norton yourself instead of speculating BS. There is nothing on any media outlets of what you speak of. During a merger none of that happens in any company period. 

[riozenga]

maybe the merger is off? I don't know. I am not a shorter. I don't have the balls to short cannabis stocks. It is simply too dangerous. The markets can stay irrational longer than I can afford it. At the most, I buy puts when I find that the stocks are wildly overpriced (and no, there are no option trading on GTEC and I don't own any puts on GTEC). All, I can say is what I heard

[Vroom2017]

So what? youre offering this unsubstaniated information out of the goodness of your heart?  No links to provide any information?  Im hearing from a reputable source that the deal is in fact still on and will be confirmed before Christmas day.  So unless you can provide proof, screw off.

[riozenga]

hold your horses there cowboy. Easy now. I may have to come by and wash your mouth with soap you naughty boy. It appears that both the GTEC and GENE shareholders will receive a 25% premium to the pre-deal announcement stock price... Nice LOL. "Assuming completion of the Transaction, the issuance of Invictus shares to the current GTEC shareholders represents an approximate 25% premium to

[Suggardaddy68]

just to correct a little something in your post, it is NOT both GTEC & GENE that get a 25% premium, it's just GTEC holders that receive a 25% premium to the 30 VWAP and I'm a reliable source telling everyone that the deal is going thru and details are forthcoming

[Suggardaddy68]

sorry to be more clear Gtec holders get a 25% prem to both companies 30 day VWAP

[riozenga]

I figured that. It could have been drafted a bit better but who is looking anyways but it is still a little bit funny. Which law firm is representing them? I am seriously not bashing the stock. I seriously hope the best for GTEC (and any other company this space). The reason why I wrote on this wall was to let people know that they are marketing a convertible debenture financing. I am not

[tankingfrank]

true, debt on negative cash flow, not the best idea.   retail lease payments will show little return for now, and they are still paying big money for promotion.. 7.5 million in debt i believe.