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Bullboard - Stock Discussion Forum Skylight Health Group Inc SLHGF

Skylight Health Group Inc. is a Canada-based healthcare services and technology company. The Company operates a Florida-based primary care health network comprised of physical practices providing a range of services from primary care, sub-specialty, allied health and laboratory/diagnostic testing. The Company is focused on helping small and independent practices shift from a traditional fee-for... see more

GREY:SLHGF - Post Discussion

Skylight Health Group Inc > So, how do we trust Prad Sekar in the future?
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Post by equity4481 on May 18, 2021 6:09pm

So, how do we trust Prad Sekar in the future?

The news out now indicates a further 6% dilution prior with a 12% discount to the SP. This prior to the NASDAQ listing when in the last 2 interviews with Prad on WSR he specifically stated there are other options available than diluting shares further. This after he just filed with the SEC for a Bench Shelf of up to CDN$100M.

Well, I really don't know what to say here, to many shares, so little trust in the future as the shares will drop on Wednesday to the $1.40's....
Comment by equity4481 on May 18, 2021 6:44pm
I will also add that this bought deal IS IN ADDITION TO the bench shelf filed a couple weeks ago. AT LEAST it would not appear warrants were included with this deal, so I guess tht's something. And the reason that this was done in this way is because the SP reduction for this deal will be picked up likely when the NASDAQ listing commences. And, he won't need cash for a while so the new ...more  
Comment by Lagrenouille on May 18, 2021 7:03pm
Hello, Just relax..., I do not think they intent is to screw anyone! They have a solid growth plan in motion in the medical environment where it is strongly needed. GLTA
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