James E Wagner Cultivation Corp JWCAF

Why is this going down? Trichrome Financial

[The6Kid]

Trichrome financial will benefit greatly from the share price being as low as possible when they issue the second tranche of the loan. It's there in plain sight...

"As consideration for providing the First Tranche and pursuant to TSX Venture Exchange (“TSXV”) Policy 5.1 – Loans, Loan Bonuses, Finder’s Fees and Commissions, JWC intends to issue the Lender 1,696,385 warrants to purchase common shares of JWC (the “Bonus Warrants”), and 984,208 common shares of JWC (the “Bonus Shares” and together with the Bonus Warrants, the “Loan Bonus”)."

 

"Subject to the approval of the TSXV, a similar loan bonus is anticipated in relation to the Second Tranche with pricing reflective of the then current market price of the common shares of JWC."

https://www.jwc.ca/press-releases/james-e-wagner-cultivation-corporation-announces-closing-of-$4-million-agreement-with-trichome-financial

[CONESTOGA13]

So who are the bigger fools in your mind here, management for working with Trichome or us shareholders who have lost everything? What a f***in joke 20 cents!!!!

[The6Kid]

They have 1.7M warrants at $0.42 stashed away for the long term. They can sell/short a portion of their 984K shares in a controlled manner to drive the price down knowing they will be receiving another roughly 300K shares and 600K warrants at "market price" when they issue the second tranche of the loan. Easy short for them and can cover with the shares they know are coming their way

[weedstocks123]

This post has been removed in accordance with Community Policy

[UPSwang]

This post has been removed in accordance with Community Policy