Karnalyte Resources Inc T.KRN

New SEDI report out

[mdjbrown]

Must be a typo as Exersize of Rights at a penny has got to be wrong.  

.35 cents not .01 cents for 30,000 shares is a touch more than $300.00

Filed 2022-08-05 08:48   Tx date 2022-08-03	$KRN Karnalyte Resources Inc.	Favreau, Danielle 5 - Senior Officer of Issuer Direct Ownership	Common Shares 57 - Exercise of rights	$300.00 +30,000 vol $0.01 each	30,000
Filed 2022-08-05 08:46   Tx date 2022-08-03	$KRN Karnalyte Resources Inc.	Favreau, Danielle 5 - Senior Officer of Issuer Direct Ownership	Rights ($0.01/ Expire July 29, 2022) 57 - Exercise of rights	-90,000 vol	0

[bigkagan]

Unless as a CEO she got a special price

[mdjbrown]

Very likely just a typo bk, as Rights Offerings dont work that way, and there was certainly no preferential insider treatment clause in the Rights Offering circular, or I would assume all the insiders would have capitalized on it. It would be interesting to know the story behind the scenes as these Rights expired on July 29, 2018, but it would appear many of the transaction dates according to

[bigkagan]

What's the deal with the technical update, it was supposed to come out back in June. This mgmt couldn't run a lemonade stand

[mdjbrown]

New filing out today with the Rights correction Filed 2022-08-09 13:31   Tx date 2022-08-03 $KRN Karnalyte Resources Inc. Favreau, Danielle 5 - Senior Officer of Issuer Direct Ownership Common Shares 57 - Exercise of rights $10,500 +30,000 vol $0.35 each

[bigkagan]

After she shelled out this amount of money I hope she knows something good is coming

[Derthebear]

Glad to see you still here .. gimme a call old friend