Ravenquest Biomed Inc RVVQF

Reduced holding by money manager

[lscfa]

Since the last report filed on July 10, 2019, MM Asset, on behalf of MMCAP, has disposed of an aggregate 99,000 March Warrants (as described in Item 3.2 below) and 2,898,500 Shares, representing a net decrease of approximately 2.36% of the Issuer’s 123,913,559 outstanding Shares as reported by the Issuer in its Management Discussion and Analysis dated September 30, 2019 (the “Outstanding Shares”), calculated on a partially diluted basis.

 

As at the end of September 2019, MM Asset, on behalf of MMCAP, exercised control and direction over:

(i) 4,000,000 Shares;
 

(ii) 10% unsecured convertible debentures in the aggregate principal amount of $12,500,000, entitling the holder to acquire 8,620,690 Shares at a conversion price of $1.45 per Share until March 2, 2020;
 

(iii) 4,504,500 common share purchase warrants (the “March Warrants”) (each March Warrant entitles the holder to purchase an additional Share at the price of $1.50 per Share until March 22, 2020;
 

(iv) 2,857,143 common share purchase warrants (the “July Warrants”) (each July Warrant entitles the holder to purchase an additional Share at the price of $0.90 per Share until July 13, 2021);
 

(v) 4,000,000 common share purchase warrants (the “June Warrants”) (each June Warrant entitles the holder to purchase an additional Share at the price of $0.60 per Share until June 28, 2021); and
 

(vi) 101,500 Shares pursuant to securities lending arrangements described in Item 3.6 below, representing approximately 16.74% of the Outstanding Shares, calculated on a partially diluted basis.

 

[Shazam57]

This post has been removed in accordance with Community Policy

[McMoney2]

Would someone explain what the strategy here is for MMCAP, as best you see it? Am I right is reading that as MMCAP has pushed the SP down, that have successfully used this as an opportunity to mop up as many warrants and shares as possible?

[ashleigh64]

i asked a similar question here about 2 or 3 weeks ago and i didn't get a good answer then. some replies pointed out that there has been some short selling. but that happens to lots of other companies' shares, too. something was said about some old financial post article. i didn't see anything specifically about this company in that article. even in general i didn't see a fit here.

[HowdyBob]

Entertaining Ashleigh thank you. RQB releases better, more often, and more detailed information that any other company I follow, and that's a lot, and more than any other company in the sector as well. What you are asking for is not part of the publicly traded world. we depend on quartelry reports and news releases and statements from the company which you have seen all of. Expecting us to

[ashleigh64]

this company gave a number in the wayland deal news release dated dec 18, 2018. check it out for yourself. don't give us this "not part of the publicly traded world" junk when this company's dec 18, 2018 news release obviously says "up to 8,000 kg". if they could give a number then they could give a number for the australia deal in my opinion. i'm still waiting for

[HowdyBob]

It was a health canada permit announcement not a sales anouncement. I'm sure more details will come. Hey could you send me some links to some other companies past conference calls that are so commonly posted that RQB is so different from? Cdn Cannabis sector would be great. You know, maybe just for Canopy, the biggest Cannabis company in the world?, they should have their conference calls