Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum MYM Nutraceuticals Inc MYMMF

MYM Nutraceuticals Inc is a Canada based company engaged in the business of acquiring and developing natural remedies. The company is focused on the medical marijuana business by producing cannabis growing facilities and products.

GREY:MYMMF - Post Discussion

MYM Nutraceuticals Inc > not so fast
View:
Post by charliebitmyfin on Mar 19, 2021 5:40am

not so fast

actual shares outstanding 470mil, time for rs?
"On August 21, 2020, the Company borrowed an additional $600,000 pursuant to the Loan Facility. The Company paid transaction costs to the Facility Lender which included a set-up fee equal to $30,000 and an immediate interest payment of $50,000 separate from and in addition to the 17.5% per annum interest payable under the Loan Facility. In addition, the Company has issued the Lender 28,571,429 common share purchase warrants each of which may be exercised to purchase one common share of MYM at a price of $0.07 per common share and expire on August 21, 2023.
Comment by RockMaschine on Mar 19, 2021 6:43am
not happening soon. Majority shareholder special shares that arent coming to market just yet.
Comment by Jshaw9 on Mar 19, 2021 10:52am
And, correct me if I'm wrong.... most times a RS is usually implemented to boost the share price to get onto a different exchange, or to stay on a current exchange if the SP is dropping. if they were to do a reverse split to get off the venture exchange, I believe that would benefit all current shareholders as we would see big money enter the picture and the SP rise.  However, I also ...more  
Comment by RockMaschine on Mar 19, 2021 12:28pm
proper analysis. Several warrants where VWAP above 17-20 causes acceleration. This is good because it will add some cash to the coffers.
Comment by biketrader98 on Mar 19, 2021 1:44pm
Wouldn't this be dilutive?  I'm not sure I understand the logic.
Comment by Jshaw9 on Mar 19, 2021 1:58pm
Sure it's dilutive but the last question was around a reverse split. I don't think at this point the dilution from the warrants, if and when they are exercised, will have a long term negative effect on the company and SP. and that's just my opinion
Comment by biketrader98 on Mar 19, 2021 2:10pm
Long term probably not but in the short term there would likely be negative pressure on the stock as these shares hit the market.  If the volume remains decent it could be muted but there is likely a pull back coming when they transact.
Comment by RockMaschine on Mar 19, 2021 3:41pm
with todays action and the way big blocks of 10-20k shares are being taken down I think the appetite is there to absorb whatever comes out. and these are being bought by the people who believed and invested in MYM during what could be argued as the darkest time. They spoke to management and understood the token amounts they put in would pay major dividends once the company was up and licensed ...more  
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities