Post by
TFSAfunds on Apr 29, 2023 11:30pm
Overallotment...
Freddie, you're not saying that the added 16M shares was an "overallotment" are you? To me, that was just a doubling down on a sure bet for easy money. Does/can an "overallotment" not also have to take place after the closing of the "PP". And since the PP was for 36.8M shares, could we not see another 5.52M shares PP'd as the "overallotment" at $0.50 in the 30 days following closing of this rather generous valuation of our shares? And when you consider that news (maybe held back type news?) can be disseminated the day after closing, WTF, talk about suspicious dealings??? Let's see what transpires...
Freddie, are you also saying that you've revised your exit point to $0.80 from the previously hoped for $1.50? So you now might only have to wait 2 years to get out rather that 4 to 5 years... lol.
I also thought that Clark was constantly telling us how frugal he was when it came to spending shareholder money. How many times has he said that he ALWAYS has the shareholder's "best interest" at heart whenever he makes financial decisions? How do 50 cents shares correlate with that stated sentiment? And this is for just ongoing costs to develop/define the resource. Are we going to end up getting 25 cents a share for the capital costs of mine development when we need 100+ millions...
Comment by
FreddieSanford on Apr 29, 2023 11:48pm
15% over allotment on 32 million shares gives you 36,800,000 sharers.
Comment by
TFSAfunds on Apr 29, 2023 11:59pm
Oops, my bad Freddie! Sorry 'bout dat...