Post by
various on Dec 04, 2020 4:23am
Wow, gcm retail shareholders get shafted again...
... by this horrendous deal. Read the bottom quote from the news release carefully. They phrased it to represent the most optimistic situation, when realistically it's going to be sub 43% ownership after the dust settles. Oh boy these GCM management really are b*stards and crooks. "Assuming the exercise of all Warrants and GCM Warrants held by Gran Colombia and assuming that no other investors who participated in the Offering exercise their respective Warrants, Caldas Gold will have an aggregate of 163,522,385 Common Shares issued and outstanding, of which Gran Colombia will hold 86,935,990 or 53.2% on a partially diluted basis at the time of such exercise, resulting in a decrease of 7.6% to Gran Colombias holdings of Common Shares on a partially diluted basis."
Comment by
Wayned52 on Dec 04, 2020 4:27pm
Close the door on your way out .