Post by
SABBOBCAT on Jan 14, 2021 3:01pm
Note on the offering
So I was looking through SEDAR at the offering documents and a couple interesting things popped up. 1) Unfortunately for our friends south of the border, the warrants aren't registered with the SEC so you likely won't be able to buy/trade them. This will not make institutions happy. This info is in the prospectus. 2) the warrants may not list. There is an "other" document posted on the 13 that use a draft term sheet that shows this wording was removed. 3) WHO THE HELL POSTS A DRAFT TERM SHEET TO SEDAR??? What a joke of a company and a bank (on Mackie's part.
Comment by
SABBOBCAT on Jan 14, 2021 3:17pm
I realize not that there was a term sheet revision, hence the edits. Still blinded by anger on the offering I guess. Also, why not list the warrants? That's a disappointing change.
Comment by
Wino115 on Jan 14, 2021 3:34pm
Well the good thing is then the warrant holder needs to keep it and also find the document and send it to his broker sometime within 3 years. Wouldn't surprise me 10-15% never get exercised, maybe more.