Peregrine Diamonds Ltd. PGDIF

Rights offering - MPV

[ekim]

Just looked at MPV's active rights offering.

Mr. Desmond has put in a standby agreement and for the act of doing this, he gets a 3% discount on all his subscribed receipts.

The Big 3 at PGD only got a 3% discount on the receipts they obtained via the standby agreement only.

PGD's rights offering was fairer then MPV's.

No need to rehash about the strike price, etc.
Just noticed this minor point and wanted to share it with y'all.

LONG...PGD

EKIM

[mill44]

I just cannot stop myself, I have to comment on that. If we compare fairness, let's compare them. One deal offers a 50% discount, 1 to 2 ratio, (1 to 1 with the warrants, or even better if you buy more on the open market), the other one offers 16% discount, 1 to 5.5 ratio, plus 12c for each share issued. I did not even mention the discount we gave out. One deal drove the price down 15%, the

[ekim]

We are on the same playing field as Ned, Eric and Robert minus a half percent discount (or so). MPV shareholders are already 3% uneven from the big guy. Fair to me. The strike price/discount is available to 100% investors...the standby discount is not. EKIM

[mill44]

If we talk about fair, we have to talk about fair to all shareholders, not just the ones who want to take advantage of the offering. We are where we are because the people who did not want to sink more money in but had to sell in order to participate in the "voluntary" offering. How many times can you see your action on a stock chart? Gauwd can be proud, he can show his grandkids how he,