CEMATRIX Corp T.CEMX

Private Placement

[jsibbick]

Does anyone know if they will annouce when the PP is closed or do we just assume it closes today.

[VerifiedUser123]

This is dangerous and unfortunate that they are using these proceeds for working capital. 

[Tan4646]

Just my two cents, but given the nature of construction work and the short-term realities of working capital isn't it necessary to spend working capital at the beginning and through a project and recover it at the end

[kingscorpion]

CEMX didn't need this cash because they already have 3 mil in the bank and with cashflow just shy of 8 mil. So for them to do this private placement for $6.6 mil I am betting either they are in talks to acquire or they are getting ready to acquire. So now they have 9.6 mil in cash That is .065c per share in cash. See bushman I told you all moving to the big board the s.p will come down for a

[Canadian_101]

I agree with you, did not Jeff say a number of times that they had no need for a raise and that they are profitable, if thats the case why the need for a working capital cash raise all of a sudden ???

[jsibbick]

I got a investor presentation from Centrion. In the package it says that the Private Placement was done to bring in credible institutions. 

[Bubbajohny50]

The credible institutions should get to work and help support the stock price.   This is ridiculous.  I feel stupid for doing groundwork in educating the infrastructure people.  Waste of time.