Post by
rjc7 on Apr 28, 2021 5:17pm
Bought deal $5Million
The Brokers will sell these shares for a lot more than $0.60. To dump $5Million into the company with full risk to the brokers bodes will for their opinion what's coming soon. Stay tuned.
Comment by
BigJo on Apr 28, 2021 7:48pm
Not true! The brokers sell all of the units to their clients at the "bought deal" price, (or less if they cannot offload them at that price). The brokers make their money from the commission on the deal and, potentially, on sale of their "broker warrants".
Comment by
rjc7 on Apr 28, 2021 7:59pm
In different times, maybe. We're two weeks out from what should be a record Q. The market price I'd expect will be in the mid $.70. Why would they unload at $.60 or less.
Comment by
lscfa on Apr 29, 2021 12:13am
21 mil Wrts o/s with exercise price $0.23 to $0.46. Can't they entice these schmucks to exercise early?
Comment by
tasman99 on Apr 29, 2021 11:44am
Didn't expect a drop today after good news thoughts TIA
Comment by
wizzdumb on Apr 29, 2021 11:57am
Dilution, dilution, dilution and no clear purpose for the money which they previously and recently stated they wouldnt need. I'm hopeful they explain further and personally don't think it's an issue as this management team is much better than previous, but there is long history here on this topic.
Comment by
tasman99 on Apr 29, 2021 9:24pm
what effect in % will this have on increasing outstanding shares What is the float now? tia
Comment by
RazeKreations on Apr 29, 2021 11:08pm
float is 97.46 million before this deal
Comment by
RazeKreations on Apr 29, 2021 11:15pm
Correction 91.33 million float. The other was old news
Comment by
RazeKreations on Apr 30, 2021 1:09am
Stock Float: What It Is, Types, & How to Use It Properly https://stockstotrade.com/stock-float/